The Turks and Caicos Islands are a British Overseas Territory consisting of the larger Caicos Islands and smaller Turks Islands, two groups of tropical islands in the Lucayan Archipelago of the Atlantic Ocean and northern West Indies. They are known primarily for tourism and as an offshore financial centre. The islands are southeast of Mayaguana in the Bahamas island chain and north of the island of Hispaniola (Haiti and the Dominican Republic). Grand Turk (Cockburn Town), the capital since 1766
Economy: It is dominated by tourism, offshore finance and fishing. The US dollar is the main currency used on the islands. Historically the salt industry, along with small sponge and hemp exports, sustained the Turks and Caicos Islands (only barely, however; there was little population growth and the economy stagnated). The grew in the 1960s, when American investors arrived on the islands and funded the construction of an airstrip on Providenciales and built the archipelago's first hotel, "The Third Turtle"
turks and caicos (uk)
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