Time Period: 1888-

Timeline

• 01.07.1888
• Ordinance on the introduction of German accounting (without ruling on foreign coinage); effective immediately.
  - De facto: the British Sovereign was tolerated at a rate of 20.30 German Reichsmark, Spanish silver and copper coins were demonetized at a rate of 1 Spanish Dollar = 3.60 German Reichsmark.
• 24.07.1907
• Proclamation (by the governor of German New Guinea) of the German colonial monetary order of 01.02.1905; effective 01.10.1907:
  - 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.
• 24.07.1907
• Governor's (of German New Guinea) proclamation of the German colonial monetary system (ordinance of 01.02.1905); effective on 01.10.1907:
  Rating of foreign gold coins: British Sovereign = 20 German Mark, 20 US Dollars = 80 German Mark.
• ??.11.1914
• Japanese conquest and subsequent introduction of the Japanese accounting and currency, no details known
• 01.02.1944
• US Military Governor's (of the Marshall Islands) proclamation [No. 2] on the introduction of the US Dollar; effective immediately:
  - 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.
• 01.05.1979
• Constitution of the Republic of the Marshall Islands (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