British occupation of the Faroe Islands on 9 April 1940, British forces launched "Operation Valentine" to occupy the Faroe Islands. On 11 April, Winston Churchill — then First Lord of the Admiralty — announced to the House of Commons that the Faroe Islands would be occupied: We are also at this moment occupying the Faroe Islands, which belong to Denmark and which are a strategic point of high importance, and whose people showed every disposition to receive us with warm regard. We shall shield the Faroe Islands from all the severities of war and establish ourselves there conveniently by sea and air until the moment comes
Economy of the Faroe Islands other areas, and thus operate in island condition. Some islands are also not connected to the other islands, and must maintain their own electric system. Agriculture - products: milk, potatoes, vegetables; sheep; salmon, other fish Currency: 1 Danish krone (DKr) = 100 ører Exchange rates: Danish kroner (DKr) per US$1 – 5.560 (2008), 7.336 (January 2000), 6.976 (1999), 6.701 (1998), 6.604 (1997), 5.799 (1996), 5.602 (1995) Economy of the Faroe Islands The economy of the Faroe Islands was the 166th largest in the world in 2014, having a nominal gross domestic product (GDP) of $2.613 billion per annum. High dependence