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.
Located in the continent of Africa, Seychelles covers 455 square kilometers of land, making it the 203rd largest nation in terms of land area. Seychelles became an independent state in 1976, after gaining its sovereignty from The United Kingdom.