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.
Micronesia education was initially more or less imparted informally. The coming of the European colonizers heralded the beginning of a formal westernized system of education. Education in Micronesia is now no longer imparted in the native language and the medium of instruction is now English. popularity of the indigenous languages gradually started waning.
Several Protestant denominations, as well as the Roman Catholic Church, are active in every Micronesian state. Most Protestant groups trace their roots to American Congregationalist missionaries. On the island of Kosrae, the population is approximately 7,800; (95% Protestant). On Pohnpei, the population of 35,000 is evenly divided between Protestants and Catholics (50% catholic & 50% Protestant).