Though
maintaining semi-autonomy to a certain degree, the Faroe Islands
have always been strongly linked in terms of Governance and politics
to Denmark. The Danish Monarchy is regarded in the same status
in the Faroes. The Monarchy is represented in the Islands by an
appointed High Commissioner. The Faroes however have their own
form of Government and legislative elections are held every four
years. Faroese and Danish are the languages widely spoken here.
The Islands: the Faroe Islands are an archipelago situated on
the North Atlantic Ocean with eight main Islands. Torshavn is
the Capital and largest city of the Faroes and is situated on
the Island of Streymoy south of the archipelago.
Economy:
Fishing accounts for a large percentage of the Faroes economy,
employing a considerable fraction of the population and also
being the main export commodity from the islands.
The archipelago
has a healthy and stable economy at which is almost at par
with that of other Scandinavian Nations. Small scale farming
is also
practiced producing mostly vegetables, dairy products and sheep.
The Faroese Kroner is the title of the Country’s currency.
It is actually Danish money and the only difference is in the
prints on the banknotes. Despite this Danish and Faroese money
can not be used interchangeably between the two nations. You
would have to get the currency exchanged.