Roman Catholicism is the dominant religion in Palau; approximately 65% of the population are members. Estimates of other religious groups with a sizable membership include the Evangelical Church, 2,000; Seventh-day Adventists, 1,000; The Church of Jesus Christ of Latter-day Saints (Mormons), 300; and Jehovah's Witnesses, 90.
Palau doesn’t hold a large number of celebrations and events throughout the year. However, there are some that will interest travelers, especially if they are coming from the US. Several major American holidays are recognized and celebrated here, with Thanksgiving the most popular event among locals and expatriates alike. Of course, Palau’s Independence Day is fondly celebrated by citizens each year and is often regarded as the most important day on the Palau calendar.
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.