Vanuatu has its own national currency, the vatu (VT). The VT was introduced in 1981 and replaced the New Hebrides franc, which was the common currency under the joint administration of France and Great Britain. This currency has no small monetary units, such as cents or pennies, which is a rather unusual feature among world currencies.
The official currency of Vanuatu is the vatu. This currency plays a key role in the country's economy, providing stability and facilitating domestic and international trade.
The history of Vanuatu's currency began in 1982 when the Central Bank of Vanuatu issued 100, 500 and 1000 vatu banknotes, replacing the previous currency, the New Hebrides franc. This was a significant step in the formation of the national identity of the newly independent state. In 1989, the 5000 vatu banknote was put into circulation in response to the growing economic needs of the population. From 1993, the Reserve Bank of Vanuatu took over the issuance of banknotes. Continuing the expansion of the money series, the 200 vatu banknote was introduced in 1995, adding to the series of existing banknotes and strengthening the country's monetary system.
Originally issued in 1982 by the Central Bank of Vanuatu.
Introduced into circulation in 1995.
First issued in 1982 along with other denominations.
Also became available from 1982.
Introduced into circulation in 1989.
The table below summarizes the year of issue of various denominations of coins in Vanuatu
| Coin Denomination (Vatu) | Years of Issue |
|---|---|
| 1 | 1983, discontinued in 2011 |
| 2 | 1983, discontinued in 2011 |
| 5 | 1983, 2015 |
| 10 | 1983, 2015 |
| 20 | 1983, 2015 |
| 50 | 1983, 2015 |
| 100 | 1988, 2015 |
| No. | Name of Bank |
|---|---|
| 1 | Alpen Baruch Bank Limited |
| 2 | ANZ Bank (Vanuatu) Ltd |
| 3 | Asia Merchant Bank Limited |
| 4 | BRED (Vanuatu) Ltd |
| 5 | Financial Partners Bank Limited |
| 6 | Investors’ Trust Limited |
| 7 | MG Commercial Bank Limited |
| 8 | National Bank of Vanuatu Limited |
| 9 | Nautilus International Bank Ltd |
| 10 | Pacific International Trust Co. Ltd |
| 11 | Pacific Private Bank Limited |
| 12 | Prosperity Banking Corporation Limited |
| 13 | Reserve Bank of Vanuatu |
| 14 | United Development Bank of Pacific Limited |
| 15 | Vanuatu International Trust Company Limited |
| 16 | Westpac Banking Corporation |
Dominica's Electronic Citizenship Program provides a compelling opportunity for foreign investors to obtain citizenship through investment, delivering a suite of substantial benefits tailored for personal convenience and strategic financial management.
At the moment, Dominica does not offer digital citizenship in the way it is implemented in some other countries, such as Estonia, where anyone can become an e-resident and do business in the European Union while remaining physically outside of it.
Dominica and the Dominican Republic are often confused due to their similar names, but they differ significantly in geography, culture, and governance.
