For example, a price elasticity of alcohol demand of -0.5 means that a 1-percent increase in price would reduce alcohol consumption by 0.5 percent (or a 10-percent increase in price would reduce consumption by 5 percent).
The Local Currency. The Seychelles Rupee (Rs) is the official currency of the Seychelles. One Rupee = 100 cents. The currency is divided into both paper and coin form. Currency is minted in the following denominations.
Report Abuse. Seychelles is off the coast of East Africa, not really part of mainland Africa. It is part of the African Union, yes, but I believe that it is misleading to tell people you are from East Africa because this is technically wrong. You live on an island OFF the coast of East Africa, not IN East Africa. When you tell people you are from the Seychelles and they want you to elaborate, just say you come from a group of islands in the Indian Ocean, off the coast of Africa, that's it.