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.
What to do about Money in Ecuador. From January 2000 onwards, the official currency of Ecuador has been the US dollar. Intended to stablize Ecuador's economy, changing currency - to say the least - controversial, but is now widely accepted and it certainly makes preparing for your holiday in Ecuador a lot easier!