2013 Falkland Islands sovereignty referendum as such, they are British citizens in disputed islands. The current political status of the Falkland Islands is that of an Overseas Territory of the United Kingdom. The Islands are internally self-governing, with the United Kingdom being responsible for defence and foreign affairs. Under Chapter 1 of the Falkland Islands Constitution, the people of the Falkland Islands have the right to self-determination. The referendum was called following Argentina's calls for negotiations over the sovereignty of the Falkland Islands and was undertaken to consult the people regarding their views on the political status of the Falkland Islands. The final wording of
Economy of the Falkland Islands Economy of the Falkland Islands The economy of the Falkland Islands, which first involved sealing, whaling and provisioning ships, became heavily dependent on sheep farming from the 1870s to 1980. It then diversified and now has income from tourism, commercial fishing, and servicing the fishing industry as well as agriculture. The islands use the Falkland pound, which is backed by sterling. During the 19th century, the supply and maintenance depot for ships at Stanley developed into a port serving ships rounding Cape Horn. There was also trade in cow hides from the wild descendants of cattle introduced by French settlers