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.
Rufiyaa (MVR) is the official answer. However, the Rufiyaa, Euro and US dollars are widely *used* in the Maldives. AMEX, VISA and MC along with bank cards are well supported in the resorts and in the capital Male. The Maldives is a progressive country with an active tourism business and open to many currencies.ubmit. Â· just now. Report Abuse. maldivian rufiyaa (MVR) is the official currency but you can use almost any leading currency in the resorts and in male' (capital of maldives) all most all kind of cards like credit cash visa american are widely used.