| License Type | License Fee(USD) | Application Fee(USD) |
|---|---|---|
| Local | 3,000 | 500 |
| External | 3,000 | 500 |
| Captive | 2,000 | 250 |
| International | 5,000 | 500 |
| Broker | 1,000 | 500 |
| Insurance Manager | 1,000 | 500 |
| Agent | 500 | 250 |
| Loss Adjuster | 500 | 250 |
Penalty Fee for late payment of License fee:
VT 1,000 per day late for late payment of license fees and applies to all licenses
Penalty for late filing of Returns(quarterly and annual) required by RBV,includes Audited Accounts:
VT 1,000 per day late and applies to all licenses
Countries: Date: 07-May-2021
USD 107.25
JPY 0.9832
NZD 77.56
GBP 148.98
AUD 83.48
EUR 129.38
INFLATION
March 2020 - 3.0%
March 2020(Year Average) - 2.9%
GDP
Real GDP Growth 2018 - 2.9%
Source: VNSO
FOREIGN RESERVES
Months of Import:
March 2020 - 13.0%
LIQUIDITY MARCH 2020
Excess Reserve - 30,319.2 MVT
MONEY & CREDIT (MARCH 2020)
Money Supply (M2) - 95,772.5 MVT
Net Foreign Assets - 69,508.1 MVT
Domestic Credit - 44,444.8 MVT
Private Sector Credit - 59,974.7 MVT
Narrow Money (M1) - 64,175.9 MVT
INTEREST RATES (MARCH 2020)
RBV Policy Rate - 2.25%
91 Day RBV Notes - 0.1%
Weighted Average Deposit Rate - 0.7%
Weighted Average Lending Rate - 9.8%
