<P> Tourism is the major industry in the smaller islands (with some agriculture). However, Jersey and Guernsey have, since the 1960s, become major offshore financial centres on the scale of the Cayman Islands or Bermuda . Guernsey's horticultural and greenhouse activities have been more significant than in Jersey, and Guernsey has maintained light industry as a higher proportion of its economy than Jersey . Jersey's economy since the 1980s has been substantially more reliant on finance . Both islands are now heavily dependent on the finance industry, this along with a high cost of living has resulted in a general widening between the rich and poor . </P> <P> Both bailiwicks issue their own banknotes and coins, which circulate freely in all the islands alongside UK coinage and Bank of England and Scottish banknotes . There are many exports, largely consisting of crafted goods and farmed produce . </P> <P> Since 1969, Jersey and Guernsey have operated postal administrations independently of the UK's Royal Mail, with their own postage stamps, which can be used for postage only in their respective Bailiwicks . UK stamps are no longer valid, but mail to the islands, and to the Isle of Man, is charged at UK inland rates . It was not until the early 1990s that the islands joined the UK's postcode system, Jersey postcodes using the initials JE and Guernsey GY . </P> <P> Each of the three largest islands has a distinct vehicle registration scheme: </P>

Is jersey part of the uk royal mail