Banknotes of Palau

The official currency of Palau is the US dollar, issued by the Federal Reserve System as the central bank. Paper money was first introduced in Palau in 1994 when the country adopted the US dollar following its independence. An important moment in its currency history was the issuance of a series of banknotes specifically intended for use in Palau, highlighting local themes and culture. Collectors find Palau's banknotes intriguing due to their distinct designs that feature local wildlife and landmarks. The 1994 series includes a unique depiction of the Jellyfish Lake, showcasing the biodiversity of the region. Each note also incorporates vibrant colors and intricate patterns, reflecting Palau’s tropical environment.