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Solomon Islands Real Estate

We offer Solomon Islands real estate investment information for Honiara, Aola, and the Islands of Guadalcanal, Gizo, Choiseul, Santa Isabel, Malaita and San Crisobal. Scroll down for more information about the Solomon.

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Soloman Islands Real Estate

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About The Solomon Islands

Solomon Islands Population: 523,617 (July 2004 est.)
Languages: Melanesian pidgin in much of the country is lingua franca; English is official but spoken by only 1%-2% of the population note: 120 indigenous languages
Capital: Honiara
Government Type: Parliamentary democracy tending toward anarchy.
Independence Day: 7 July 1978 (from UK)
Legal System: English common law, which is widely disregarded.
Currency: Solomon Islands dollar (SBD)

Executive Branch:

Chief of State: Queen ELIZABETH II (since 6 February 1952), represented by Governor General Nathaniel WAENA (since 7 July 2004)

Head of Government: Prime Minister Sir Allan KEMAKEZA (since 17 December 2001); Deputy Prime Minister Snyder RINI (since 17 December 2001)

American Embassy: None
Mailing Address: None
Telephone: None

General Overview: The UK established a protectorate over the Solomon Islands in the 1890s. Some of the bitterest fighting of World War II occurred on these islands. Self-government was achieved in 1976 and independence two years later. Ethnic violence, government malfeasance, and endemic crime have undermined stability and civil society. In June 2003, Prime Minister Sir Allen KEMAKEZA sought the assistance of Australia in reestablishing law and order; the following month, an Australian-led multinational force arrived to restore peace and disarm ethnic militias.

Economic Overview: The bulk of the population depends on agriculture, fishing, and forestry for at least part of their livelihood. Most manufactured goods and petroleum products must be imported. The islands are rich in undeveloped mineral resources such as lead, zinc, nickel, and gold. However, severe ethnic violence, the closing of key business enterprises, and an empty government treasury have led to serious economic disarray, indeed near collapse. Tanker deliveries of crucial fuel supplies (including those for electrical generation) have become sporadic due to the government's inability to pay and attacks against ships. Telecommunications are threatened by the nonpayment of bills and by the lack of technical and maintenance staff many of whom have left the country. The disintegration of law and order left the economy in tatters by mid-2003, and on 24 July 2003 more than 2000 Australian soldiers entered the Solomon Islands to restore order and to facilitate the restoration of basic services.

International Disputes: Australian defense personnel are dispatched at the invitation of the Solomon Islands' Government to restore law and order on the islands and reinforce regional security.

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