Frequently Asked Questions

1. How can I tell the difference between a genuine and counterfeit banknote?

Vatu banknotes have security features which are easily identifiable such as:

  • Metal thread running across the banknote
  • Watermark (face of a Ni-Vanuatu man)
  • A special feel of the banknote paper, rough and crisp.

2. Can I reproduce or make copies of banknotes?

The RBV Act [CAP125] prohibits any person other than the Reserve Bank to issue currency in Vanuatu.

It is therefore a crime to reproduce Vatu banknotes (fake or copies) and anyone caught doing that will be prosecuted.


3. What should I do if I have damaged (burnt or torn) banknotes?

Damages do not take away the face value of genuine banknotes. Any damaged banknotes must be taken to the Reserve Bank who will determine if the damaged notes can be exchanged with reissue notes.

Commercial banks maybe also contacted for assistance with damaged notes.


4. What about soiled coins?

Vatu coins which are soiled and dirty can still be exchanged with a reissue coin at the Reserve Bank.


5. Where do I store my banknotes and coins?

It is advisable to put your banknotes and coins in a bank account where it is safe and in a clean environment.

For any other questions, please contact the Reserve Bank of Vanuatu:

Exchange Rates

Countries:    Date:22-April-2024

  USD    121.21

  JPY     0.7844

  NZD    71.36

  GBP    149.96

  AUD     77.79

  EUR    129.21

 

 

Key Indicators

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%