Arctic Territories

Under international law, no country currently owns the North Pole or the region of the Arctic Ocean surrounding it. The five surrounding Arctic countries, the Russian Federation, the United States (via Alaska), Canada, Norway and Denmark (via Greenland), are limited to an exclusive economic zone (EEZ) of 200 nautical miles (370 km) adjacent to their coasts. The waters beyond the territorial waters of the coastal states are considered the "high seas" (i.e. international waters). The sea bottom beyond the exclusive economic zones and confirmed extended continental shelf claims are considered to be the "heritage of all mankind" and administered by the UN International Seabed Authority. The polar dollars are a collectors item issued by the website polardollar.com and not legal tender.