FSM Code Title 57, Chapter 1
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).