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 the legal currency of 14 African countries, 12 of which were at one time part of the French-African colonial empire. Two additional countries, Equatorial Guinea and Guinea-Bissau, also use the CFA franc even though they were not originally French colonies.