FSMC, TITLE 57.  MONEY AND CURRENCY

 
 

Chapter 1:  Currency

101.     Legal tender defined.

      101.  Legal tender defined.
     The legal tender of the Federated States of Micronesia shall be the coins and currencies of the United States; provided, however, no restriction shall be made on the use of local forms or barter and exchange in transactions among citizens of the Federated States of Micronesia.

Source:  TT Code 1966, 1140; TT Code 1970, 77 TTC 1201; TT Code 1980, 77 TTC 401; PL 6-82 1.

Cross-reference:  FSM Const., art. IX, 2(f).