Economy
Transnistria has a mixed economy. Following a large scale privatization process in the late 90s, most of the companies in Transnistria are now privately owned. The economy is based on a mix of heavy industry (steel production), electricity production and manufacturing (textile production), which together account for about 80% of the total industrial output.
Transnistria has its own central bank, which issues Transnistrian currency, the Transnistrian ruble. It is convertible at a freely floating exchange rate but only in Transnistria.
Read more about this topic: Geography Of Transnistria
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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)