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| Posted on:
Monday, February 2, 2004 1:22 AM
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| Overview |
The traditional subsistence economy that prevailed in the country was based mainly on fisheries, agriculture and the export of other marine products. |
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| Finance |
Maldives invites, welcomes and encourages foreign investment. The law on foreign investments (Law 25/79) guarantees the security of investments, and accord fair and equitable treatment under law, for the investors. |
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| Currency |
Cowry shells (cypraea moneta), or boli, were the first known medium of exchange used in the Maldives. |
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| Employment and Labour |
The Maldivian economy was for many centuries, entirely dependant on fishing and other marine products; therefore fishing has been and still remains the main occupation of the people. |
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| Industries |
Since time immemorial, the method of fishing employed in the Archipelago has been the pole and line method. |
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| Economic Aid |
Before the 1980s, Maldives received limited assistance from UN specialized agencies. |
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