Tourism is the major industry in the smaller islands (with some agriculture). However Jersey and Guernsey have, since the 1960s, become major offshore financial centers & tax havens on the scale of the Cayman Islands orBermuda.light industry as a higher proportion of its economy than Jersey. Jersey's economy since the 1980s has been substantially more reliant on finance.
Both Bailiwicks issue their own banknotes and coins, which circulate freely in all the islands alongside UK coinage and Bank of England and Scottish banknotes.
(This statue of a crapaud (toad) in St Helier represents the traditional nickname for Jersey people)
Tourism is the major industry in the smaller islands (with some agriculture). However Jersey and Guernsey have, since the 1960s, become major offshore financial centers & tax havens on the scale of the Cayman Islands orBermuda. Guernsey's horticultural and greenhouse activities have been more significant than in Jersey, and Guernsey has maintained light industry as a higher proportion of its economy than Jersey. Jersey's economy since the 1980s has been substantially more reliant on finance. coins, which circulate freely in all the islands alongside UK coinage and Bank of England and Scottish banknotes)
