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.
A: Africa is a large continent made up of many different countries, with each having its own currency. Therefore, it's necessary to consult a list of world currencies to find specific currency names for each African nation. Going in alphabetical order, Algeria uses the dinar as currency. Angolans exchange kwanzaa. The pula reigns in Botswana.