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:
“... it must be obvious that in the agitation preceding the enactment of [protective] laws the zeal of the reformers would be second to the zeal of the highly paid night-workers who are anxious to hold their trade against an invasion of skilled women. To this sort of interference with her working life the modern woman can have but one attitude: I am not a child.”
—Crystal Eastman (1881–1928)
“I look on trade and every mechanical craft as education also. But let me discriminate what is precious herein. There is in each of these works an act of invention, an intellectual step, or short series of steps taken; that act or step is the spiritual act; all the rest is mere repetition of the same a thousand times.”
—Ralph Waldo Emerson (1803–1882)
“With respect to a true culture and manhood, we are essentially provincial still, not metropolitan,—mere Jonathans. We are provincial, because we do not find at home our standards; because we do not worship truth, but the reflection of truth; because we are warped and narrowed by an exclusive devotion to trade and commerce and manufacturers and agriculture and the like, which are but means, and not the end.”
—Henry David Thoreau (1817–1862)