Tower Insurance (Vanuatu) Ltd

Tower Insurance (Vanuatu) Ltd

Contact Person: Mr. Ives Grant, Country Manager

Postal Address:

Unit 7, Ocean Walk Building

Po Box 6049, Port Vila

Phone: (678)22101

Email: grant.ives@towerinsurance.com.vu

Website: https://www.tower.co.nz

 

Exchange Rates

Countries: Date: 24th  March 2023

  USD    118.01

  JPY     0.9019

  NZD    73.77

  GBP    145.04

  AUD    78.91

  EUR   127.84

 

 

 

Key Indicators

INFLATION

December 2021 :   0.7%

December 2021(Year Average) :  2.3%

GDP

Real GDP Growth 2019 :  3.2%

Source: VNSO

FOREIGN RESERVES(JANUARY 2022)

Months of Import: 12 months

LIQUIDITY (DECEMBER 2021)

Excess Reserve :  37,029.5 MVT

MONEY & CREDIT (DECEMBER 2021)

Money Supply (M2) : 102,961.0 MVT

Net Foreign Assets :  81,272.8 MVT

Domestic Credit  :  41,860.4 MVT

Private Sector Credit :  59,427.3 MVT

Narrow Money (M1) :  76,325.2 MVT

INTEREST RATES (DECEMBER 2021)

 RBV Policy Rate :  2.25%

91 Day RBV Notes :  0.40%

Weighted Average Deposit Rate :  0.47%

Weighted Average Lending Rate :  9.40%