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 South African Rand uses the plain capital R as it's currency symbol. And is what you seem to be describing. Other nations also use the R, but with other symbols. Mauritius Rupees use R and a lower case s together â¨. India, Pakistan, Sri Lanka, Seychelles, and Nepal also use this for it's Rupees.