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.
Local Currency. The local currency is called âMauritius Rupeeâ. It consists of notes of Rs 2000, 1000, 500, 200, 100, 50 and 25. Following Coins are available: Rs 20, 10, 5 and 1. Coins below the 1 Rupee are called âcentsâ; Here you can have 50, 20 and 5 cent coins. It is better to exchange your money in Mauritius than in Europe.