The Turks and Caicos Islands are a British overseas territory. Until 1962 they were administered by Jamaica, but upon gaining their independence, they became dependent on the Governor General of the Bahamas Islands. When the Bahamas achieved its independence in 1973, it became a separate territory. Although 1982 the United Kingdom granted them independence, the islands backed off and preferred to remain governed as a territory dependent on the British crown.
They are located north of the island of Hispaniola, where Haiti and the Dominican Republic are located, in the waters of the Atlantic Ocean.
The economy of the islands depends on tourism, postage stamps issuance, fishing, and offshore financial services. Its official currency is the US dollar and since July 2, 1991, the Turks and Caicos Islands are an associate member of the Caribbean Community (CARICOM).