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Reserve Bank of Vanuatu Reserve Bank blong Vanuatu
Established
1 January 1981; 43 years ago (1981-01-01)
Ownership
100% state ownership[1]
Governor
Simeon Athy
Central bank of
Vanuatu
Currency
Vanuatu vatu VUV (ISO 4217)
Reserves
260 million USD[1]
Website
www.rbv.gov.vu
The Reserve Bank of Vanuatu is the central bank of Vanuatu (an island country located in the South Pacific Ocean). It was initially known as the Central Bank of Vanuatu after the nation's independence from France and the United Kingdom.
The bank began operations on 1 January 1981 and was initially responsible for currency exchange.[citation needed] It established the Vatu as the national currency to replace the circulation of the New Hebrides franc and Australian dollar. The bank also replaced the role of the Banque Indosuez Vanuatu.[citation needed]
The institution's name was changed to the Reserve Bank of Vanuatu in May 1989 and its responsibility over the national banking industry was expanded.[citation needed]
^ abWeidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
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