It got independence from US-administered UN
Trusteeship on 03 November 1986. It comprises an area of 702 kmē (271
sq mi). The Federated States of Micronesia is an island nation located in
the Pacific Ocean, northeast of Papua New Guinea. The country is a sovereign
state in free association with the United States. The Federated States of
Micronesia were formerly part of the Trust Territory of the Pacific Islands,
a United Nations Trust Territory under US administration. In 1979 they
adopted a constitution, and in 1986 independence was attained under a
Compact of Free Association with the United States. Present concerns include
large-scale unemployment, overfishing, and dependence on U.S. aid. Capital:
Palikir. It consists of four states: Chuuk (Area: 127 kmē, Capital: Weno),
Kosrae (Area: 110 kmē, Capital: Tofol), Pohnpei (Area: 346 kmē, Apital:
Kolonia) and Yap (Area: 118 kmē, Capital: Colonia)
On May 10,
1979, four of the Trust Territory districts ratified a new constitution to
become the Federated States of Micronesia. Palau, the Marshall Islands, and
the Northern Mariana Islands chose not to participate. The FSM signed a
Compact of Free Association with the United States of America, which entered
into force on November 3, 1986, marking Micronesia's emergence from
trusteeship to independence.
I purchased by $1 dated 2004 bi-metallic coin from
Joel Anderson / Lila Cresci featuring Joseph John Urusemal, who was the
president of Micronesia from 11th May 2003 to 11th May 2007.
of 40 bi-metallic designs were also minted each having the portrait of U.S.
presidents with their ruling years.