Isle of Man

The Isle of Man, also called “Mann” is situated in the Irish Sea in the middle of England, Northern Ireland, Scotland, Wales, and Northern Ireland. As a sovereign British Crown Dependency, Queen Elizabeth II is the nation’s head of head with the title Lord of Mann. The Isle of Man also includes the seasonally inhabited islands of Calf of Man, Chicken Rock, St. Patrick’s Isle, and St. Michael’s Isle. The Isle of Man’s parliament and government are responsible for all of its domestic affairs while the defense and good governance are taken care of by the United Kingdom.

The Isle of Man has a diverse economy with insurance services and e-gambling as its largest sectors in terms of GNP contribution, followed by banking and information and communications technology. Meanwhile, the key sectors by employment are financial and business services, retail and public administration, medical health, and construction. Manufacturing and tourism also play an important of the economy. The Isle of Man imposes low taxes and offers incentives for technology-inclined companies and financial businesses to operate in the territory to expand its employment opportunities. In consequence, agriculture and fishing that used to be the major economic drivers, have slacked down.

The Manx pound is the official currency of the nation. It is divided into 100 pence and is the same rate as the pound sterling. The first banknotes issued by the Isle of Man Government were designed by Manx artist John Nicholson depicting the “Three Legs of Man” triskelion symbol and a 1956 portrait of Queen Elizabeth II by Pietro Annigoni. Between 1972 and 1991, the government issued another set of paper bills similar to the preceding notes but bearing the new portrait of Queen Elizabeth II by Anthony Buckley. Banknotes were printed by Bradbury, Wilkinson & Co, however, the recent set of Manx pound banknotes bears the imprint of Thomas De La Rue as the company acquired Bradbury Wilkinson.  

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