Vatu
Definition, Meaning & Examples
Pronunciation /ˈvɑːtuː/ · Part of speech noun
Quick meaning: Vatu is a noun meaning The national currency of Vanuatu.
Meaning
The national currency of Vanuatu.
Example Sentences
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.
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.
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.
Word Forms
- vatus
Related Words
Related dictionary entries include vila, mota, tanna.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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