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.
(Seychelles News Agency) - The Seychelles Commercial Bank is selling nearly 100,000 of its shares as the government looks to reduce its stake in the financial institution. The bank will be accepting bids from account holders and staff in a second round share sale from April 25 to May 28.