Cook Islands at the 2008 Summer Olympics events (with the exception of weightlifting, where the first round was the only round) and did not go on to win medals. Pera was the nation's flag bearer at the ceremonies. The Cook Islands are a collection of fifteen islands lying in the South Pacific Ocean that are governed under a single parliamentary entity. Some 10,000 people live in the dependency. The country is in a free association with New Zealand, who handles the nation's external affairs. The Cook Islands became self-governing in 1965. 23 years later, the Cook Islands sent their first delegation to the Olympics at the 1988
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,