Nauru: Lost Treasure Island

80% of the surface of the territory of Nauru, Islands in the Pacific Ocean 6 km long and 4 km wide, are occupied by the mining mines of phosphate, one of the main fertilizers used in agriculture. Development and mining is carried out using the technology of thirty years ago, which in itself is a whole eternity in the mining industry. There is no concern for environmental. Result: where the excavator passes, only stone corals remain with a height of up to three meters, so closely located to each other, that a person cannot get through this forest of minerals. Nothing but impassable shrubs does not grow on this surface. Nude stones do not delay moisture, and since the rain goes here extremely rare, terrible drought destroys rare coconut palms growing along the seashore.

Thanks to the extraction of phosphate, Nauru acquired a lot of money – almost 100 million. Doll. interest deductions annually. In the 70s, income per capita on the island was the highest in the world and amounted to 35 thousand. Doll. per year in 1975. The development of the Economy of Lifetime Rent. Then the residents of Nauru seemed that dollars were inexhaustible. In addition, there was a foundation that annually posted on personal accounts of each certain amount. Another public foundation, funds for which also came from the development of phosphate, paid electricity and clean water, as well as air tickets in case a resident of the island had to visit the doctor in Australia. This manna Heaven has changed the local economy. In addition, as expected, she was not eternal. Eternal vacation of the inhabitants of the island will last a few more years. To date, phosphate resources are practically exhausted. The island becomes bankrupt.

Nauru Island of Lost Treasures

Wherever 2.5 billion gone. Doll., Nested corporation "Nauru Phosphaws" In the development of development since 1968, the date of the declaration of independence of the island? Part was invested in insane projects, part was given to residents and disappeared. A few years ago, the government decided to keep part of the money. This Fund (made up 6 billion. Franks for 1991) was intended to ensure the future of the island. However, this money is lost. Today, the assets of this fund amount to 100 million. dollars. 45 million were translated into Antigua to the accounts of Australian officials working on Nauru. Taiwan allocated 100 million island to finance construction 150 public buildings. Only three bungalows were built on this money. Money Nauru is assieved in bank accounts in Australia and were invested in real estate on Guam, the other island of the Pacific Ocean. This was facilitated by the operations conducted by some former state ministers.

On the eve of the closure of the mines, the Government of Nauru took measures to find new funds. This is the most controversial government project: turn an island to an offshore financial center. OECD brought Nauru blacklist of countries whose financial systems contribute to money laundering. Nauru does not control any financial operations. American authorities suspect the Russian and Colombian mafia to use the possibilities provided on the island. Big seven even took sanctions against Nauru. As a result, the banking offshore center has decreased to the bungalow located in a hundred meters from the pier, where Korean cargo ship is loaded with phosphate. For this microbankovsky center is responsible. Indian. Two hundred banks that have the right to legally exist only on Nauru are located in this wooden hut, the only luxury of which is air conditioning. Nauru remains the crossroads of dirty money and the center of using its financial capabilities by Americans of Asian origin, which are not in freaks with the tax authorities of their country. Another way out of the situation that created the situation Nauru is seen on the sale of passports (T.E. citizenship). For 50 thousand. Franks can be a citizen Nauru. This market mainly concerns citizens of Taiwan and China.

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