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06 September, 2014

Vanuatu - 2014 New Polymer series

Matching Serial Numbers AA14 011004
Two Hundred Vatu
ND2014, PNL
Reverse
One Thousand Vatu
ND2014, PNL
Reverse
Two Thousand Vatu (New Denomination)
ND2014, PNL
Reverse
Vanuatu new polymer notes set of Vt200, Vt1000 and Vt2000 (Vatu). These are the new series of notes, first issued in 2010. These 3 notes were released on 9.6.2014 by the bank's Governor Mr Simeon Malachi Athy. Mr Athy was appointed to his current role since 15.11.2013. He replaced Odo Tevi who was the bank's Governor from April 2003 to 27.4.2013 (two terms of 5-year). Mr Tevi has since been appointed as the country's Ambassador to the United Nations in New York. Whilst the current denomination of Vt10000 polymer note (released in 2010) was printed by NPA, these new notes are all printed by Oberthur Fiduciare of France. This is the first time a Vt2000 denomination is introduced. The remaining denominations of Vt500 and Vt5000 will be released in the next two to three years. The theme for the newly released notes are; Vt200 - strong family bond; Vt1000 - agriculture; and Vt2000 - flora and fauna. These releases have been long over due since the released of the first polymer note of Vt10000 back in 2010. The Vt10000 is still the largest denomination circulating in the country. The smallest of the new Vanuatu polymer banknotes series is the Vt200. The Vt100 paper note was replaced by a coin in 1988. It appears that the Vt100 banknote has only been printed once and that was in 1982 when the country first adopted it's own Vatu currency two years after independence (from the British and French). Prior to that, the currency circulating in the country was called New Hebrides Franc. The Vanuatu Vatu is issued as a single unit with no sub unit, unlike the Australian currency - Dollar and Cents. Interesting to note that the Australian dollar was once circulated in Vanuatu (New Hebrides) prior to 1982 and it was pegged at 100 Francs to one Australian dollar (at par?). The facsimile signature of the Minister of Finance on this note is Maki Stanley Simelum, who was appointed to the role on 10.05.2013.

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