{"id":15947,"date":"2023-10-17T06:34:29","date_gmt":"2023-10-17T01:04:29","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=15947"},"modified":"2025-04-03T21:19:56","modified_gmt":"2025-04-03T15:49:56","slug":"marshall-islands","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/marshall-islands\/","title":{"rendered":"Marshall Islands"},"content":{"rendered":"<h2>About Marshall Islands:<\/h2>\n<ul>\n<li>The\u00a0Republic of the Marshall Islands (RMI) is located in the\u00a0western Pacific Ocean.<\/li>\n<li>It is a\u00a0chain of five volcanic islands and\u00a029 coral atolls.<\/li>\n<li>Capital: Majuro<\/li>\n<li>Official languages: English and\u00a0Marshallese<\/li>\n<li>Government:\n<ul>\n<li>It is a\u00a0presidential republic with a\u00a0parliamentary system.<\/li>\n<li>The\u00a0President of the Marshall Islands is\u00a0both the head of state and\u00a0the head of government.<\/li>\n<\/ul>\n<\/li>\n<li>Economy:\u00a0Agriculture and tourism are the mainstays of the economy.<\/li>\n<li>Official currency: US dollar\u00a0<\/li>\n<li>In 2018, RMI became the\u00a0first country to issue its own cryptocurrency and\u00a0certify it as legal tender.<\/li>\n<li>History:\n<ul>\n<li>The islands have been\u00a0under the control of various nations throughout the last few centuries, including\u00a0Spain from the late 1400s to the late 1800s,\u00a0Germany from 1885 to World War I, and\u00a0Japan from 1914 to World War II.<\/li>\n<li>After World War II, the\u00a0RMI became a part of the United Nations (UN) Trust Territory\u00a0of the Pacific Islands\u00a0under the United States (US) administration.<\/li>\n<li>The\u00a0RMI Government was\u00a0officially established in 1979, following the signing of the Constitution.<\/li>\n<li>The\u00a0RMI gained its independence in 1986 after\u00a0signing the Compact of Free Association with the US, ending the UN-US Trusteeship Agreement.<\/li>\n<\/ul>\n<\/li>\n<li>Compact of Free Association with the United States:\n<ul>\n<li>It provides the Marshall Islands with\u00a0financial assistance, defense protection,\u00a0and access to U.S. government programs.<\/li>\n<li>The Compact\u00a0recognises RMI&#8217;s right to self-government and seeks to promote economic development and budgetary self-reliance.<\/li>\n<li>The\u00a0United States has full authority and responsibility\u00a0for security and defense of the Marshall Islands.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<hr \/>\n<h3>Q1) What is cryptocurrency?<\/h3>\n<p>A cryptocurrency is a digital or virtual currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Most cryptocurrencies exist on decentralized networks using blockchain technology\u2014a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/theprint.in\/world\/exclusive-us-negotiator-signs-new-deal-with-strategic-marshall-islands\/1806671\/\" target=\"_blank\" rel=\"nofollow noopener\"><u>Exclusive-US negotiator signs new deal with strategic Marshall Islands<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Republic of the Marshall Islands (RMI) is located in the western Pacific Ocean.<\/p>\n","protected":false},"author":5,"featured_media":15948,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-15947","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/15947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=15947"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/15947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/15948"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=15947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=15947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=15947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}