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Palau Banknotes Catalog
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Valuable and popular banknotes
The most valuable Palau banknotes sought after by collectors are the following:
The history of banknotes in Palau is relatively short but interesting. This small Pacific island country has undergone significant changes in its monetary system since independence in 1994.
Current banknotes in circulation
Palau currently uses the U.S. dollar as its official currency. It does not issue its own banknotes for general circulation, but relies on U.S. bills for its daily transactions. However, Palau has issued commemorative and collector coins that are legal tender but mainly intended for collectors.
Old banknotes and relevant facts
Prior to adopting the U.S. dollar, Palau used the Japanese yen during the Japanese occupation and then the U.S. dollar under the U.S. trusteeship. An important milestone in Palau's notafilia was the issuance of a series of commemorative banknotes in 2006 to celebrate the 25th anniversary of its self-government. These bills, although not widely circulated, represent a unique chapter in the country's monetary history.
