Reserve Bank of Vanuatu launches 5,000 Vatu note on Guardian™
28 July 2017
Santo, Vanuatu – The new 5,000 Vatu note on Guardian™ polymer substrate incorporates the theme ‘Tourism’ and has a number of tourist attractions that the country has to offer in its design features.
The new banknote will co-circulate the existing paper note of the same denomination and both banknotes are legal tender. The Bank continues to withdraw the replaced paper notes from public circulation until such time when the Bank decides to demonetise the replaced paper notes.
The 10,000 Vatu Guardian™ banknote was introduced into public circulation on 28 July 2010, while further Guardian™ denominations of 200 Vatu, 1,000 Vatu and 2,000 Vatu were released almost four years later in June 2014.
The new family series in Guardian™ polymer is the first major structural change in Vanuatu’s currency since the introduction of the current paper Vatu banknotes as legal tender in 1982.
The Governor of the Reserve Bank of Vanuatu, Mr Simeon Athy, stated that “[Guardian™] polymer banknotes have a proven record in many countries, including Vanuatu, of being more durable and secure than paper notes, and this has been reflected in the performance of the first issues of the polymer banknotes; there have been very few notes withdrawn because of wear and tear, and no good quality counterfeits attempted.”
Vanuatu’s series of banknotes will see the 500 Vatu paper note changed to Guardian™ polymer at the end of the year, completing another full family on Guardian™ polymer substrate.
For more information:
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