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.
Thanks to its offshore industry, Seychelles, an island nation with a population smaller than Davenport, Iowa, maintains a Zelig-like presence in the annals of international corruption and money laundering. Where thereâs an odor of financial scandal, thereâs often a good chance Seychelles is involved.