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.
It is also used in the Canary Islands, French Guiana, Guadeloupe, Martinique, Mayotte, Reunion, Saint BarthÃ©lemy, Saint Martin, Saint-Pierre and Miquelon, and the independent, non-E.U. members Andorra, Kosovo, Monaco, Montenegro, San Marino, and Vatican City. â see money table.