Although that is unbelievable stories say that is true that there’s an island within the Pacific Ocean the place the residents use large disks of limestone as forex for commerce.

As per stories, the island of Yap, an impartial sovereign island nation of Micronesia is house to about 12,000 folks. The island doesn’t have any treasured supplies like gold or diamond. Nevertheless, they use large disks of limestone known as Rai as forex for commerce.

These stones are stated to be giant round disks with a gap within the centre. The massive stones are as excessive as 12 ft and weigh as a lot as 5 tonnes every. A few of these stones are immovable resulting from their enormous weight. Nevertheless, they’re owned.

Stories say the bodily location of the stone is just not vital, however the possession is.

As per a report, as soon as an enormous Rai was being transported within the waterways within the sea and it dropped and sank to the ocean flooring. Though it couldn’t be traced out, everybody agreed that the Rai should nonetheless be there. And therefore it was transacted as real forex.

If transferring a stone may be very a lot crucial a powerful pole is handed via the opening and carried by males to the required vacation spot.

Such stones will not be at all times massive, however even there are such stones that measures as little as 7-8cm in diameter.

Such stones will not be house to Yap. As per stories, the limestone was initially carved from quarries within the island of Palau, that’s about 400km away.

The worth of a sure stone will depend on its measurement and craftsmanship. The bigger the stone, the upper is its worth.

As of late although trendy forex has principally changed the stones, nonetheless Rai stones are exchanged within the conventional methods like throughout marriage, inheritance and so on.

Have you ever heard of Rai stones?

Folks on the island of Yap would quarry large “cash” out of limestone and use them as cash. “Earning profits” took plenty of power. Folks introduced all spending publicly, so everybody at all times knew who owned every stone.

That’s Bitcoin. pic.twitter.com/czJnEAdJis

— Alan Hibbard (@AlanHibbard) January 21, 2023