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Economy of Tortola

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Financial services are the main source of income to the island. The popular International Business Companies Act, passed in the early 1980s, led to significant growth in government revenue. BVI residents are amongst the most affluent in the Eastern Caribbean. Numerous residents from other Caribbean islands work there.

Although the British Virgin Islands (BVI) are under the British flag, it uses the U.S. dollar as its official currency due to its proximity to and frequent trade with the US Virgin Islands. The island is home to many offshore companies that do business

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