All of the islands in the Federated States of Micronesia use the U.S. dollar as is their official currency. There are two banks in Pohnpei – The Bank of Guam and The Bank of FSM. Both are conveniently located in Kolonia and are FDIC approved.
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Chuuk – Currency
Chuuk, like the rest of the FSM, uses the US dollar as currency, though some hotels will accept foreign currency as well.
Kosrae – Currency
The U.S dollar is the official currency used in Kosrae and throughout Micronesia.
Yap – Currency
The official currency in Yap is the US Dollar. Yap is famous for its Stone Money which is still in use for traditional exchanges such as the purchase of land or in village ceremonies.