FOREIGN RELATIONS OF NAURU

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FOREIGN RELATIONS OF NAURU
Following independence in 1968, Nauru joined the Commonwealth as a Special Member, and became a full member in 2000.[2] Nauru was admitted to the Asian Development Bank in 1991 and to the UN in 1999. It is a member of the Pacific Islands Forum, the South Pacific Regional Environmental Program, the South Pacific Commission, and the South Pacific Applied Geoscience Commission. The US Atmospheric Radiation Measurement Program operates a climate-monitoring facility on the island.
Nauru and Australia have close diplomatic ties. In addition to informal defence arrangements, the September 2005 Memorandum of Understanding between the two countries provides Nauru with financial aid and technical assistance, including a Secretary of Finance to prepare Nauru's budget, and advisers on health and education. This aid is in return for Nauru's housing of asylum seekers while their applications for entry into Australia are processed.[15] Nauru uses the Australian dollar as its official currency.
Nauru has used its position as a member of the UN to gain financial support from both Taiwan and the People's Republic of China by changing its position on the political status of Taiwan. During 2002, Nauru signed an agreement to establish diplomatic relations with the People's Republic of China on 21 July 2002. This move followed China's promise to provide more than US$60 million in aid. In response, Taiwan severed diplomatic relations with Nauru two days later. Nauru later re-established links with Taiwan on 14 May 2005,[23] and diplomatic ties with China were officially severed on May 31 2005; however, the PRC continues to maintain a diplomatic presence in the island nation.