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 is a country with a very small population which is located in the continent/region of Africa. Countries near Seychelles include Mayotte, Somalia, Comoros and Mauritius. Its biggest cities and towns include Victoria, Anse Royale, Anse Royal and Anse Volbert Village.