Education in the Micronesian island nation of Palau still follows the American system of Grades K to 12. It is mandatory until either the age of 16 is reached, or graduation from high school is achieved. There are approximately 20 elementary state schools dispersed through villages and islands, where pupils study for 6 years.
Palau (Listeni/pəˈlaʊ/, sometimes spelled Belau or Pelew), officially the Republic of Palau (Palauan: Beluu er a Belau),is an island country located in the western Pacific Ocean. It is geographically part of the larger island group of Micronesia. The country's population of around 21,000 is spread across 250 islands forming the western chain of the Caroline Islands.
Palau uses the U.S. dollar as its currency. This has the advantage of bypassing the expense of running a central bank. Also, the currency is completely convertible, and price stability is reasonably well ensured, as Palau does not have the ability to print currency. The rate of inflation was less than 3 percent a year from 1996-98.