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 currency of the Maldives is called the Rufiyah, which is linked to the dollar at around 12.75 Rufiyah to the dollar. However, most resorts and many local islands will accept the USdollar (bring small denominations such as $1, $5 and $10) as payment.