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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 ]
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.
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 ...
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 ...
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In the early years of the Nauru Phosphate Royalties Development Trust, it financed the construction of two of five high-rise luxury condos in Hawaii (on the island of Oahu). The five towers (two completed as of October 2005) are on prime Honolulu real estate with ocean views and represent a benchmark in Honolulu luxury high-rises.
He was the finance minister and Minister Assisting the President of Nauru only for three months, however, as Scotty's government fell in August 2003, and Kinza Clodumar became finance minister. In April 2004, Adeang was charged with sedition along with Kieren Keke and Fabian Ribauw after a protest at Nauru's airport.
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.