Faroe Islands are located in the autonomous region of the Kingdom of Denmark in north central North Atlantic. With an area of 1,399 km2, Faroe Islands consist of 17 residential islands and various isles, mainly including Stolen Island, Oest Island, Vagar Island, and Sood Island, etc. The topography within the boundaries is high-rise and rugged with numerous cliffs, steep mountains, deep valleys and gulfs. It belongs to the mild oceanic climate with little change in temperature. Faroe Islands have a population of about 50,000, nearly all of whom are Faroese, the descendants of Scandinavian. The major language is Faroese, with Danish for general use. Most people are Christians. Torshavn is the capital.
Around 700AD, Irish monks immigrated into the islands. Around 1000AD, King of Norway enabled the islanders to become Christians. In 1035, Faroe Islands become the dependent territory of Norway, but controlled by Denmark after 1380. In 1709, the Islands were separated from Norway and affiliated to Zealand Diocese, which monopolized the trade in Danish royal family as well. During World War II, the Islands were under British control, and became the autonomous region within Denmark since 1948.
Faroe Islands are rich in fishery resources around. In addition to the self-sufficiency of fishery products and some mutton, all other food and daily necessities are imported. The output of fishing and fishery product processing industry accounts for about 1/3 of GNP, with the export accounting for 95% of the total exports. In 1988, the GNP totaled 6.421 billion Danish Krone. Due to lower temperature in summer, only potatoes and vegetables are grown, rich in grassland and developed animal husbandry. Denmark is the major trade target for Faroe Islands.
Return
CUP Service Opening Time December 1st, 2009
Local CUP Service Hotline N/A
POS Card-Swiping Consumption
Scope of Application
All merchants labeled with “CUP” logo will accept CUP card. For partial merchants not labeled with “CUP” logo, the cardholder may actively present the CUP card to inquire the cashier whether it can be used.
Accepted Card Types and Relevant Operation
All bankcards bearing CUP logo
Warm tip: since credit card has certain consumption limit, with regard to large-amount consumption for luxury goods, etc., you are advised to use CUP debit card, the consumption with which is only limited by the account balance (excluding the situation with the limit for consumption line set by individual).
*Please enter the correct password upon card swiping if your card has a password. Otherwise please enter any 6-digit number.
Related Charges
The cardholder for consumption by swiping CUP card at the merchant will not be charged for any commission fee.
Compared with any other bankcard network, 1%-2% currency conversion fee will be exempted for cash withdrawal via CUP network. The amount of local currency withdrawn will be converted into RMB amount based on the market exchange rate, and timely credited into the cardholder’s RMB account by the issuing bank.
Return
