History of the Cook Islands History of the Cook Islands The Cook Islands are named after Captain James Cook, who visited the islands in 1773 and 1777. The Cook Islands became a British protectorate in 1888. By 1900, the islands were annexed as British territory. In 1901, the islands were included within the boundaries of the Colony of New Zealand. The Cook Islands contain 15 islands in the group spread over a vast area in the South Pacific. The majority of islands are low coral atolls in the Northern Group, with Rarotonga, a volcanic island in the Southern Group, as the main administration and government
Economy of the Cook Islands industries have been partially successful in stimulating investment and growth. The Cook Islands has "Home Rule" with respect to banking, similar to Guernsey, Jersey and the Isle of Man. This "Home Rule" banking confuses New Zealanders on vacation in the Cooks. Cook automated teller machines often fail to fully disclose the fact that the Cooks are not part of the New Zealand banking system, thus legally requiring banks to charge the same fees for withdrawing or transferring money as if the person was in Australia or the EU. The New Zealand dollar is the official currency of the Cook Islands,