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.
Currency & Banking. The national currency of the Maldives is Rufiyaa. Previously MRF and Rf was used as the symbol for Rufiyaa. However, currently the ISO recognised code for Rufiyaa is MVR. One Rufiyaa is subdivided into hundred laaris (cents).Presently 1 US Dollar is equivalent to MVR 15.42.he national currency of the Maldives is Rufiyaa. Previously MRF and Rf was used as the symbol for Rufiyaa. However, currently the ISO recognised code for Rufiyaa is MVR. One Rufiyaa is subdivided into hundred laaris (cents). Presently 1 US Dollar is equivalent to MVR 15.42.