Australian and Tuvaluan currency are both in use, but transactions over A$1 are always conducted in Australian Dollars. For details of Australian Dollar denominations and exchange rates, see the Australia section.
Education in Tuvalu is free and compulsory between the ages of 6 and 15 years. Each island has a primary school. Motufoua Secondary School is located on Vaitupu.Students board at the school during the school term, returning to their home islands each school vacation. Fetuvalu High School, a day school operated by the Church of Tuvalu, is on Funafuti.
Tuvalu has a very small population. In fact, its population numbers are only beaten by the Vatican City as the smallest populated sovereign nation in the world. This means there is not much opportunity for grand festivals, although when the Tuvaluans do come together, they put on a wonderful display of happiness. Most of the festivals are centered on traditional public holidays, such as New Year’s Day and Independence Day; although particularly unique holidays include Bomb Day and Hurricane Day.