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.
1 The unit of currency is the Seychelles rupee (Rs), which is divided into 100 cents 2  (Â¢). Bank notes come in denominations of Rs 10, Rs 25, Rs 50, Rs 100 and Rs 500; there are coins of Rs 1, Rs 5, 1Â¢, 5Â¢, 10Â¢ and 25Â¢. 3  Euros are the best currency to carry.ast updated October 11, 2015 3:46AM UTC. 1  The unit of currency is the Seychelles rupee (Rs), which is divided into 100 cents 2  (Â¢). Bank notes come in denominations of Rs 10, Rs 25, Rs 50, Rs 100 and Rs 500; there are coins of Rs 1, Rs 5, 1Â¢, 5Â¢, 10Â¢ and 25Â¢. 3  Euros are the best currency to carry.