Micronesia - Money



The United States dollar is the official currency of Federated States of Micronesia. Its value fluctuates in terms of the other main currencies of the world, but remains relatively stable. Financial regulation is provided by the Federated States of Micronesia Banking Board. Commercial banks include the Bank of the Federated States of Micronesia, the Bank of Guam, and the Bank of Hawaii. There is also the Federated States of Micronesia Development Bank, which has branches in all of the states, and which makes low-interest, long-term loans primarily to local investors.

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