| 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:19-April-2024
USD 121.15
JPY 0.7834
NZD 71.51
GBP 150.70
AUD 77.80
EUR 128.96
INFLATION
June 2023 : 14.4 %
June 2023 (Year Average) : 11.5 %
GDP
Real GDP Growth 2021 : -1.6%
Source: VBoS
FOREIGN RESERVES
Months of Import: 8.3
September 2023
LIQUIDITY (SEPTEMPER 2023)
Excess Reserve : 32,195.1 MVT
MONEY & CREDIT (SEPTEMPER 2023)
Money Supply (M2) : 114,120.9 MVT
Net Foreign Assets : 84,713.3 MVT
Domestic Credit : 52,475.5 MVT
Private Sector Credit : 65,168.8 MVT
Narrow Money (M1) : 88,022.9 MVT
INTEREST RATES (SEPTEMPER 2023)
RBV Policy Rate : 2.25%
91 Day RBV Notes : 0.35%
Weighted Average Deposit Rate : 0.37%
Weighted Average Lending Rate : 8.83%
