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.
The Maldives currency is the Rufiyaa. A Rufiyaa is 100 Laari. The Rufiyaa is in denominations of 500, 100, 50, 20, 10 and 5 Rufiyaa notes, 1 and 2 Rufiya coins and 50, 25, 10, 5, 2 and 1 Laari coins. The exchange rate as of December 2009 is MRf. 12.75 against the United States Dollar.