The Federated States of Micronesia issued a series of wooden coins in the mid-2000s under a broad program of novelty legal tender, the gaferut being among the more obscure denominations. Gaferut is an uninhabited coral atoll in Chuuk State — no permanent population, no infrastructure, no economic activity of any kind. The denomination is effectively fictional in practical terms.
The Federated States of Micronesia issued a series of wooden coins in the mid-2000s under a broad program of novelty legal tender, the gaferut being among the more obscure denominations. Gaferut is an uninhabited coral atoll in Chuuk State — no permanent population, no infrastructure, no economic activity of any kind. The denomination is effectively fictional in practical terms.