Faroe Islands institutions started operating in the last quarter of the nineteenth century and developed throughout the twentieth century. The status of the Faroese language in education was a significant issue for decades, until it was accepted as a language of instruction in 1938. Initially education was administered and regulated by Denmark. In 1979 responsibilities on educational issues started transferring to the Faroese authorities, a procedure which was completed in 2002. The Ministry of Education, Research and Culture has the jurisdiction of educational responsibility in the Faroe Islands. Since the Faroe Islands is a constituent country of the Danish Realm, education in
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