Turks & Caicos Islands Real Estate
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Islands.
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About
Turks & Caicos
Turks
& Caicos Population: 19,956 (July 2004 est.)
Languages: English (official)
Capital: Grand Turk (Cockburn Town)
Government Type: Overseas territory of the UK
Independence Day: none (overseas territory of the UK)
Legal System: Based on laws of England and Wales, with a few
adopted from Jamaica and The Bahamas.
Currency: US dollar (USD)
Executive
Branch:
Chief
of State: Queen ELIZABETH II (since 6 February 1953), represented
by Governor Jim POSTON (since 16 December 2002).
Head of Government: Chief Minister Michael Eugene MISICK (since
15 August 2003).
American
Embassy: None
Address: None
Phone: None Fax: None
General Overview: The islands were part of the UK's Jamaican
colony until 1962, when they assumed the status of a separate
crown colony upon Jamaica's independence. The governor of The
Bahamas oversaw affairs from 1965 to 1973. With Bahamian independence,
the islands received a separate governor in 1973. Although independence
was agreed upon for 1982, the policy was reversed and the islands
remain a British overseas territory.
Economic
Overview: The Turks and Caicos economy is based on tourism,
fishing, and offshore financial services. Most capital goods
and food for domestic consumption are imported. The US is the
leading source of tourists, accounting for more than half of
the 93,000 visitors in the late 1990s. Major sources of government
revenue include fees from offshore financial activities and
customs receipts. Tourism fell by 6% in 2002.
International
Disputes:
None
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