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:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)