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Guinea-Bissau is one of the world's poorest nations. Farming is by far the leading occupation; rice, corn, beans, cassava, and cotton are the main crops grown for domestic use. Cashew nuts are by far the largest export; fish, seafood, peanuts, palm kernels, and timber are also exported. Much of the land is state owned. Bauxite is mined and there are unexploited petroleum deposits. Industrial activity is mostly limited to the processing of agricultural products. Guinea-Bissau is a member of the Franc Zone.
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