Time Period: 1899-

Timeline

• 00.01.1900
• Administrative ordinance (Mariana Islands) on the ban of foreign coinage except gold and the demonetization of the Spanish and Latin American trade coins; effective immediately
• 20.09.1900
• Governor's (of German New Guinea) ordinance, introduces the German accounting, German paper money and coins, as well as German-New Guinean coins were legal tender; effective immediately:
  - British Sovereign (AU) is admitted at 20.30 German Mark.
• 14.09.1906
• Proclamation of the German colonial monetary order of 01.02.1905 for New Guinea including Caroline Islands, Palau and the Marianas; effective 01.10.1906:
  - British and US-american gold coins were admitted for payments at a rate: 1 British Pound = 20 German Reichsmark; 1 US Dollar = 4 German Reichsmark.
• ??.11.1914
• Japanese conquest and subsequent introduction of the Japanese accounting and currency, no details known
• ??.08.1944
• US Military Governor's (of the Caroline Islands) proclamation [No. 6] on the introduction of the US Dollar; effective 01.09.1944:
  - Per person, cash up to 1'000 Japanese Yen was exchanged at a ratio of 1 : 20
  - Assets and excess cash amounts were frozen against receipts; the receipts were finally converted in 1956-1957 at the then official rate of 1 : 360.
• 10.05.1979
• Constitution of the Federated States of Micronesia (without explicit mention of monetary system); effective immediately
• 14.01.1986
• Treaty [Compact of Free Association] between the United States and the Federated States of Micronesia and the Republic of the Marshall Islands (without explicit mention of monetary system); effective immediately