The President of the Republic of the Marshall Islands Hilda Heine faces a vote of no confidence due to her administration’s plans to introduce a national digital currency, Radio New Zealand News (RDZ) reported Nov. 5.
The Marshallese parliament initially endorsed the creation of the national digital currency, which would be called the Sovereign (SOV), in February of this year. Set to be issued before the end of 2018, the SOV would be used along with the U.S. dollar, which the country uses as its official currency. Heine said then that the introduction of the SOV is “another step of manifesting our national liberty.”