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Currency & Exchange

Currency of the Marshall Islands: US Dollar

MajuroLocal time

US Dollar · USD · Foreign Legal Tender

US Dollar
ISO USD · THE MARSHALL ISLANDS
$
$
US Dollar
ISO codeUSD
Symbol$
Monetary authorityFederal Reserve System
USD
ISO 4217 code
Currency identifier
1
Currencies with an official role
Foreign Legal Tender
$
Currency symbol
Use the ISO code when a symbol is ambiguous
Time-sensitive
Exchange-rate context
Check the rate date and source
CurrencyUS Dollar
ISO codeUSD
Largest note$100
Largest coin$1
Current note seriesCurrent-design Federal Reserve notes

Who Issues the Marshall Islands' Money

The primary currency used in the Marshall Islands, the US Dollar (USD), is issued outside the country and adopted locally for official monetary use. Its symbol is $, while ISO 4217 identifies it numerically as 840.

For the Marshall Islands, the underlying US Dollar comes from the external monetary system associated with Federal Reserve System. The Marshall Islands uses that currency as legal tender without creating a separate national series of USD banknotes.

Currency architectureForeign Legal Tender
Primary currencyUS Dollar (USD)
Monetary authorityFederal Reserve System

Exchange Rate for USD

For the Marshall Islands, interpret the US Dollar (USD) reference rate together with its observation date. The same currency pair can produce a different customer outcome once a bank, card network or money-transfer provider applies its own pricing. The page uses Federal Reserve System for the institutional currency context.

Latest available reference rate*Loading...
Checking EUR/USD
Latest official/reference observation where supported. Source and date are shown after loading; this is not a trading quote.
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Banknotes and Coins

Cash used in the Marshall Islands follows the external US Dollar system. Standard USD banknotes and coins come from that issuing framework rather than from a separate national currency series.

Frequently Asked Questions

What currency is used in the Marshall Islands?

The Marshall Islands uses the US Dollar (USD) as legal tender even though that currency is issued outside its own monetary system.

Who manages the currency system in the Marshall Islands?

Federal Reserve System is the main monetary authority identified for the Marshall Islands.

Are the exchange rates for the Marshall Islands real-time?

For readers comparing USD, the tool requests the latest available reference observation for supported pairs and reports the date attached to that observation. That makes it a reference value rather than a guaranteed transaction rate.

Data note: Figures marked with * are sourced from external institutions or data providers and may change after publication. Exchange rates, payment statistics and other time-sensitive figures are provided for general reference and may not reflect current market, bank, card-network or transaction rates. DigifyWorld aims to use reliable sources and keep information current, but cannot guarantee that all data is complete, real-time or 100% accurate. Check the cited source or relevant monetary authority when making financial decisions.

More about the Marshall Islands

Explore the Marshall Islands across the other DigifyWorld country-data sections.

Public HolidaysPublic holidays 2026 and 2027→Digital AdoptionInternet, payments and digital government→Population & DemographicsPopulation, age structure and projections→Economy SnapshotGDP, trade and economic structure→LanguagesLanguages, scripts and language context→Human DevelopmentHDI and quality-of-life indicators→Geography & EnvironmentLand, climate and environment→Practical Country InfoTime, driving, electricity and codes→EducationSchool system and education data→

Sources & methodology

For the Marshall Islands, institutional currency facts are checked against Federal Reserve System or the applicable monetary-system authority. The USD identity follows ISO 4217, and the exchange-arrangement classification for the Marshall Islands is cross-checked against the IMF framework. A dynamic USD observation for the Marshall Islands, when available, is kept separate from those institutional facts and shows its own date and provider.

View sources used for this page
Exchange-rate note: the USD converter for the Marshall Islands requests a supported reference-rate source and displays the observation date. If no supported observation is available, the converter shows that a reference rate is unavailable instead of estimating one.