NAURU
Location:
Nauru is an island in the Pacific Ocean just south of the Equator, about 500 kilometres
north-northeast of Papua New Guinea. Its total area is 21 square kilometres.
Population:
10,019 (July, 1994 estimate)
Languages:
Nauruan (official), English widely understood, spoken, and used for most government
and commercial purposes
Government:
Nauru's government is a republic.
Legal System:
Nauru's legal system is based on its own Acts of Parliament and British common law.
Telecommunications:
Nauru has adequate local and international radio communications provided via
Australian facilities. It has one Pacific Ocean INTELSAT earth station.
Economy:
Revenues come from the export of phosphates, the reserves of which are expected to be
exhausted by the year 2000. Phosphates have given Nauruans one of the highest per
capita incomes in the Third World - $10,000 annually. Few other resources exist, so
most necessities must be imported, including fresh water from Australia. The
rehabilitation of mined land and the replacement of income from phosphates are serious
long-term problems. Substantial amounts of phosphate income are invested in trust
funds to help cushion the transition.
Industries:
The main industries in Nauru are phosphate mining, financial services and coconut
products.
Currency:
1 Australian dollar ($A) = 100 cents
Exchange Rates:
Australian dollars ($A) per US$1 - 1.4364 (January, 1994)
Related sites:
Nauru
To the Offshore World home page.
To the Offshore Financial Centres page.