vatu

plural vatus

1. The national currency of Vanuatu.

   In November 1998 the Reserve Bank reintroduced the SRD^([Statutory Reserve Deposit]) at the rate of 10 percent on vatu deposits and reduced the PRA^([Prescribed Reserve Asset]) to 6 percent.

   2000, International Monetary Fund, IMF Staff Country Report 00/129 Vanuatu - Recent Economic Developments, page 14

   2 more examples

   The unit of currency is the vatu (VUV) with no minor unit. There are coins of 1, 2, 5, 10, 50 and 100 vatu, and notes of 100, 500, 1,000 and 5,000 vatu. In March 1996 UK£1 = 172 vatu; US$1 = 113 vatu and DM1 = 76.38 vatu.

   1998, Ademuni Odeke, Bareboat Charter (Ship) Registration, page 355

   2007, Island States: Small Island States Handbook, Volume 1: Development Strategy and Programs, International Business Publications, USA, page 145, One estimate in 2007 for the total value of cattle heads sold was 135 million vatu; cattle were first introduced into the area from Australia by British planter James Paddon.