Monthly Archives: 01:51 PM

The Stone of Yap

It may surprise you but stone discs, as the one shown beneath, are still used as currency on Yap, an island in Micronesia (South-West Pacific). Tourists who visit the island are often astonished that the people of Yap just leave their money lying in the streets. And it is not ‘small change’ we are speaking of. The largest stones can be 4 metres in diameter and weigh about 15 tonnes. Where lies the origin of this special kind of money?