Vanuatu vatu

The vatu (abbreviation: VT; ISO code: VUV) is the currency of Vanuatu. It has no subdivisions. Etymology The term vatu, used in all three official languages of Vanuatu (English, French, and Bislama), was borrowed from the word for "stone" in some indigenous languages (such as Raga vatu). Ultimately, it descends from Proto-Oceanic *patu, from Proto-Malayo-Polynesian and Proto-Austronesian *batu of the same meaning. Exchange rate History The vatu was introduced in 1981, one year after independence, to replace the New Hebrides franc at par. The vatu was issued as a single unit with no subdivision, with the 1 vatu coin being the smallest denomination issued, in a similar vein to the (post-1953) Japanese yen and the Tajikistani ruble (although that had an official if theoretical, subdivision...

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