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Ministry of Finance of Nauru is a ministry in Nauru responsible for overseeing and coordinating effective management of public finance and resources in Nauru. [1] One of the divisions of the ministry is responsible for preparing annual budget. [2] The ministry is led by minister of finance appointed by President of Nauru.
Nauru has been a cash economy since at least 2004, after the Bank of Nauru and the Republic of Nauru Finance Corporation went bankrupt and ceased operations in the early 2000s and the licenses of all offshore banks were revoked by the Nauru government in 2004. [17] Nauru uses the Australian dollar for its currency.
Hunt has been a member of Nauruan Parliament and Minister Assisting the President of Nauru and Minister of Finance of Nauru since 29 August 2019. [2] He still holds these positions as of August 2022. [3] [4] Hunt studied economics, history and politics at the University of the South Pacific between 1989 and 1991 and graduated with a bachelor of ...
The Nauru Phosphate Royalties Trust (NPRT) was a sovereign wealth fund developed by the government of the Republic of Nauru in which the government invested money from the state-owned mining company, Nauru Phosphate Corporation.
Ministry of Finance of Nauru; N. Nauru Phosphate Royalties Trust; O. Japanese government–issued Oceanian pound
The economy of Banaba and Nauru has been almost wholly dependent on phosphate, which has led to environmental disaster on these islands, with 80% of the islands' surface having been strip-mined. The phosphate deposits were virtually exhausted by 2000, although some small-scale mining is still in progress on Nauru. Mining ended on Banaba in 1979.
TAIPEI (Reuters) -The U.S. official who heads the body that handles unofficial ties with Taiwan on Tuesday decried Nauru's "unfortunate" decision to break ties with Taipei shortly after an ...
Nauru, [c] officially the Republic of Nauru [d], formerly known as Pleasant Island, is an island country and microstate in Micronesia, part of the Oceania region in the Central Pacific. Its nearest neighbour is Banaba of Kiribati about 300 kilometres (190 mi) to the east.