Local Background Information: Financial & Economic
Banking
A tradition of banking secrecy is maintained in the Islands and is respected by the Authorities. All of the United Kingdom clearing banks have branches in the Islands and many other banks from all over the world also have representation, usually by way of a Channel Islands subsidiary.
Exchange Control
There is no exchange control and currencies are freely transferable.
Economic Activities
The major industries in the Islands are finance, light industry, tourism, horticulture and agriculture.
Language
English is the official language, having supplanted French in both commercial and legal matters during the last century.
Currency
The local currency is the pound sterling.