Palau
Palau - Money
Palau uses the U.S. dollar as its currency. This has the advantage of bypassing the expense of running a central bank. Also, the currency is completely convertible, and price stability is reasonably well ensured, as Palau does not have the ability to print currency. The rate of inflation was less than 3 percent a year from 1996-98.
Politics of Palau
Politics of Palau takes place in a framework of a presidential representative democratic republic, where by the President of Palau is both head of state and head of government, and Palau currently has no political parties.
Palau — Festivals and Events
Palau doesn’t hold a large number of celebrations and events throughout the year. However, there are some that will interest travelers, especially if they are coming from the US. Several major American holidays are recognized and celebrated here, with Thanksgiving the most popular event among locals and expatriates alike. Of course, Palau’s Independence Day is fondly celebrated by citizens each year and is often regarded as the most important day on the Palau calendar.