Palau
Palau - Money
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.
Culture of Palau
The graphic arts are highly developed in Palau. In the past the village meetinghouse was the center of both visual and performance arts. The end gables (bai) of these houses and the interior beams were decorated with low-relief painted carvings, depicting histories of the village and its relationships with other villages.
Religion in Palau
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.