Economy
Transnistria has a mixed economy. Following a large scale privatization process in the late 90s, most of the companies in Transnistria are now privately owned. The economy is based on a mix of heavy industry (steel production), electricity production and manufacturing (textile production), which together account for about 80% of the total industrial output.
Transnistria has its own central bank, which issues Transnistrian currency, the Transnistrian ruble. It is convertible at a freely floating exchange rate but only in Transnistria.
Read more about this topic: Transnistria
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)