Vanuatu Vatu Currency | VT | Vanuatu country currency
Vanuatu vatu Currency:
The Vatu is the official currency of Vanuatu. In 1981, the government introduced the new currency Vatu,after the Independence. Before the independence until 1945, the islands had used the New Hebrides franc, Australian and British currency. The vatu is a single unit, 1 vatu being the smallest denomination possible. After its introduction, Australian and British currencies circulation was stopped.
The official ISO code for the Vanuatu vatu is VUV and the symbol recognized nationwide as Vt. 50 vatu coin is the first coin to be introduced in 1981. In 1983, the country introduced the 1, 2 and 5 vatu coins in aluminium bronze and 10, 20 and 50 vatu coins in curpo-nickel. These coins were later replaced by New Hebrides Franc and Australin currency.
According to Vanuatu’s French colonial history, the current vatu coins have the same coloration and size of New Hebrides. 1, 2 and 5 vatu in their similarity in size and composition to the 5, 10, and 20 centimes of the old French Franc. The 10, 20 and 50 vatu some similarities to Australian coins. 100 vatu coin was introduced in 1988; this coin replaced the 100 vatu note. Reserve Bank of Vanuatu ceased to issue 1 and 2 vatu coins in 2011. The Royal Australian Mint released the new coins in 2015. These coins are of denominations 5, 10, 20, 50 and 100 vatu.
The Central bank of Vanuatu introduced denominations of 100, 500 and 1000 vatu on 22 March 1982. 5,000 vatu notes were introduced in 1989. The Reserve Bank of Vanuatu introduced newly designed notes for 500 and 1000 vatu in 1993. New 5000 vatu notes were also issued in polymer in 2011. The Reserve Bank of Vanuatu introduced new series of notes printed on polymer on 9 June 2014. The new series of notes comprises a new denomination of 2,000 vatu and 10,000 vatu notes.
Vanuatu Vatu (Vanuatu):
200VT, 500VT, 1000VT, 2000VT, 5000VT, 10,000VT
1VT, 2VT, 5VT, 10VT, 20VT, 50VT, 100VT
Central bank :
Reserve Bank of Vanuatu