Vanuatu coins and banknotes

2024-06-01
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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.

What is the official currency of Vanuatu?

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.

A brief history of the currency

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.

Year of banknote issue

100 vatu banknotes

Originally issued in 1982 by the Central Bank of Vanuatu.
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200 vatu denomination banknotes

Introduced into circulation in 1995.
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500 vatu banknotes

First issued in 1982 along with other denominations.
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1000 vatu banknotes

Also became available from 1982.
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5000 vatu banknotes

Introduced into circulation in 1989.
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Coin issue year

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

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Banks of Vanuatu

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
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