Anguilla PDF Print E-mail
Written by Offshore-World   
Monday, 21 April 2008
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Anguilla is a British overseas territory in the Caribbean, east of Puerto Rico. It consists of the main island of Anguilla itself, approximately 26 km (16 miles) long by 5 km (3 miles) wide at its widest point, together with a number of much smaller islands and cays with no permanent population. The island's capital is The Valley. The total land area of the territory is 102 km² (39.4 square miles), with a population of approximately 13,500 (2006 estimate).

Its main industries are tourism, offshore incorporation and management, offshore banking, and fishing. Many insurance and financial business are headquartered in Anguilla. The island is also the landing point for the East Caribbean Fiber System (ECFS) optic submarine cable, with links to 13 other islands in the eastern Caribbean extending from the British Virgin Islands to Trinidad.

The tourism sector is expanding rapidly, driving major new developments. This boom, which began gently during 2005-2006, is accelerating through 2008 and is expected to continue for several more years years. However, in an effort to prevent a real estate bubble, there is currently a moratorium on "non-belongers" (foreigners) buying land in Anguilla.

Anguilla's currency is the East Caribbean dollar, though the US dollar is also widely accepted. The exchange rate is fixed to the US dollar at US$1 = EC$2.70.

Last Updated ( Monday, 24 August 2009 )
 
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