Falkland Islands

The Falkland Islands are an archipelago in the South Atlantic continental shelf consisting of two main islands, East Falkland and West Falkland, and a number of smaller islands. The Falkland Islands are located at {{coor dms|51|45|00|S|059|10|00|W|}}. The Falkland Islands are a largely self-governing overseas territory of the United Kingdom but are claimed by Argentina to be part of its national territory. Stanley, is the capital and largest city, on East Falkland.

Economy

Main article: Economy of the Falkland Islands

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The largest industries are fishing and agriculture. The islands have oil reserves that are believed to be quite substantial, but have yet to be exploited. The climatic conditions of the southern seas mean that the economic viability of any exploitation is poor. The continuing sovereignty dispute with Argentina also hampers exploration possibilities. Since the 1982 war, expenditure by the British military forms a major part of the island's economy.

Related Topics:
Fishing - Agriculture

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The largest company in the islands is the Falkland Islands Company, a publicly quoted company on the London Stock Exchange and responsible for the majority of the economic activity on the islands.

Related Topics:
Falkland Islands Company - London Stock Exchange

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The currency in use is the Falkland Pound, which remain in parity with Pound Sterling. The Falkland Islands also mint their own coins, and issue stamps which forms a source of revenue from overseas collectors.

Related Topics:
Falkland Pound - Pound Sterling

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