Economy
The official currency of Ceuta is the euro. It is part of a special low tax zone in Spain. Ceuta is one of two Spanish port cities on the northern shore of Africa, along with Melilla. They are historically military strongholds, free ports, oil ports, and also fishing and smuggling centers. Today the economy of the city depends heavily on its port (now in expansion) and its industrial and retail centres. Ceuta Heliport is now used to connect the city to mainland Spain by air.
Along with Melilla, Ceuta is the main link to and from the plazas de soberanía, especially the Islas Chafarinas, occupied by Spain during the 19th century.
Read more about this topic: Ceuta
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)