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Capital - Plymouth
Population - 9,341
Area - 102 Square km
GDP/Capita - EC$5,000 (=US$1,852)
Inflation - 2.6%
Exchange - EC$2.7 = US$1
Montserrat forms part of the Leeward Islands and is still a British colony. The
Island is mountainous and attracted world attention in recent years
with the advent of the Soufrier Hills, volcano that destroyed a major
portion of the Island, including the capital town of Plymouth.
Some 2/3 of the inhabitants fled the Country during the volcanic
eruption. Those who remained have been involved in a massive
reconstruction building programme. The
Financial Institutions all left the Country except the lone Credit
Union - St. Patrick's Co-operative Credit Union which admirably filled
the void.
Construction, and tourism are the main pillars of the economy.
Returning residents have also been playing a major role in the
rebuilding process.
The St. Patricks's Co-operative Credit Union is the only one on the
Island and is a member of CCCU. The President is Mr. Joseph Cassell.
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