Well, yes, indeed. But this most traditional of Micronesian islands has guarded its cultural heritage as well as its currency. Located between Guam and Palau, the remote archipelago with four main islands was largely untouched by both colonial empires and wars. As a result, traditions (including the famous stone money) remain an intrinsic part of daily life. Grass skirts and brightly colored loincloths are still the fashion of the day in thatched villages outside the capital of Colonia. Dance is a living art, the way history is recorded and passed down - albeit in a colorful, sometimes raucous fashion. And this is an island that still values such tasks as weaving a basket, launching a canoe, and fishing.