Republic of Naoero, Location, Political System, Latest News

Republic of Naoero Latest News

The Pacific island nation of Nauru has officially changed its name to the Republic of Naoero recently reverting to its traditional designation in a move it said was aimed at strengthening national identity and cultural heritage.

About Republic of Naoero

• It is an island republic located in the southwestern Pacific Ocean. 
• It consists of a raised coral island located in southeastern Micronesia, 40 km south of the Equator. 
• It is the world’s smallest independent republic, with a population of approximately 12,000 and a land area of just 21 sq.km. 
• The island is about 1,300 km northeast of the Solomon Islands; its closest neighbor is the island of Banaba, in Kiribati, some 300 km to the east. 
• It has no rivers or lakes. 
• Nauru has no official capital, but government offices are located in the district of Yaren. 
• Nauruan is the national language. 
• Currency: Australian dollar 
• Political System:
  • Its constitution, adopted upon gaining independence in 1968, established it as a republic with a Westminster-style parliamentary system of government. 
  • The President is elected by, and responsible to, the unicameral parliament and is both head of government and head of state.
  • As there are no political parties in Naoero, all Members of Parliament (MPs) stand as independents. 
• Economy: 
  • Historically one of the world’s wealthiest countries per capita because of phosphate mining.
  • Phosphate reserves have been largely depleted, leading to economic challenges.
  • Agriculture (with the exception of coffee and copra plantations along the coastal and lagoon perimeters), fishing, manufacturing, and tourism are of minor value to the overall economy. 
  • However, Nauru has an exclusive economic zone extending 200 miles (320 km) offshore. 
  • The sale of commercial fishing licenses began to bring in a steady revenue during the 1990s.

News: TP