Micronesia

In 1979 the Federated States of Micronesia, a UN Trust Territory under US administration, adopted a constitution. In 1986 independence was attained under a Compact of Free Association with the US, which was amended and renewed in 2004. Present concerns include large-scale unemployment, overfishing, and overdependence on US aid.

Economical characteristics

 * Currency: United States Dollar (ISO code: USD)
 * This country does not seem to have a central bank.
 * Central bank discount rate:
 * Commercial banks lending rate: 15.38% (31 December 2009 )
 * Stock of money (M1): $21.21 million (31 December 2008)
 * Quasi money (with M1 makes M2): $76.8 million (31 December 2008)

Links

 * Micronesia on Wikipedia
 * Country profile (pdf) from the Enterprise Studies page (part of the The World Bank Group)
 * BBC country profile