Quick Talez

Short stories & facts. Quick and thoughtful.

The Island of Stone Money

On the Micronesian island of Yap, enormous stone discs known as Rai were used as currency. These limestone discs, up to 12 feet in diameter, were exchanged without being moved. Ownership was recorded orally, and transfers occurred without altering their location, proving that value and trade rely as much on consensus as on physical presence.
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