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Stone money of Yap endures as hard currency
In Yap, inflation hasn’t dulled the value of the stone money used for 1,500 years. The bank at Balabat holds disks carved from crystalline calcite quarried near Palau. The value rests on history and ownership, not dollars, with locals stating money cannot easily be bought or sold to foreigners.
MENTIONED IN THIS ARTICLE
Yap
Federated States of Micronesia
Stone Money
Balabat
Huary Tucheliel
Yapeése
Federated States of
Micronesia
Tacheliel
Palau
Benny
Money Bank
Pacific
United States
Spain
Germany
Japan
South Pacific
Hawaii
Colonia
O'Keefe
Oasis Club
Merle Haggard
John de Avila Mangarel
Portland
Maine
Valle’s