Trade
Anguilla's current account balance is -$42.87 million (2003 est.). As of 2006, its exports were valued at $13 million (2006). It exports lobster, fish, livestock, salt, concrete blocks, and rum to the UK, USA, Puerto Rico, and Saint Martin. Its exports were valued at $143 million. It imports fuels, foodstuffs, manufactures, chemicals, trucks, and textiles from the US, Puerto Rico, and UK.
External debt was $8.8 million as of 2008. Anguilla received approximately $9 million in annual economic aid as of 2004.
Anguilla's currency is the East Caribbean dollar (XCD). The exchange rate has been fixed since 1976 at 2.7 East Caribbean dollars per US dollar.
Read more about this topic: Economy Of Anguilla
Famous quotes containing the word trade:
“No king on earth is as safe in his job as a Trade Union official. There is only one thing that can get him sacked; and that is drink. Not even that, as long as he doesn’t actually fall down.”
—George Bernard Shaw (1856–1950)
“Conversation is a traffick; and if you enter into it, without some stock of knowledge, to ballance the account perpetually betwixt you,—the trade drops at once: and this is the reason ... why travellers have so little [good] conversation with natives,—owing to their [the natives’] suspicion ... that there is nothing to be extracted from the conversation ... worth the trouble of their bad language.”
—Laurence Sterne (1713–1768)
“Until the end of the Middle Ages, and in many cases afterwards too, in order to obtain initiation in a trade of any sort whatever—whether that of courtier, soldier, administrator, merchant or workman—a boy did not amass the knowledge necessary to ply that trade before entering it, but threw himself into it; he then acquired the necessary knowledge.”
—Philippe Ariés (20th century)