Vanuatu Finance, Pacific Islands

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About Vanuatu

Vanuatu Finance

Banking

There are three main banks in Vanuatu: The National Bank of Vanuatu, ANZ Bank and Westpac Bank. The National Bank has 21 branches throughout Vanuatu, while ANZ and Westpac both have a branch in Port Vila and Luganville.

There are several ANZ Bank ATMs in Luganville and Port Vila.

Banking hours are around 8:30am to 3:00pm Monday to Friday; however the airport office of the National Bank of Vanuatu is open for all flight arrivals.

Travellers cheques or cash are easily converted into local currency and banks will accept most major credit and debit cards.

Banks

  • ANZ – 9am to 3:30pm, Monday to Friday.
  • Westpac – 8:30am to 4pm, Monday to Friday.
  • National Bank of Vanuatu (NBV) – 8:30am to 3:30pm, Monday to Thursday; Fridays to 4pm. The NBV airport office is open for all arrivals and departures.

Currency

The currency in Vanuatu is the Vatu. A Vatu (VUV) is equal to 100 centimes. Coins are in denominations of 1, 2, 5, 10, 20, 50 and 100 and notes come in denominations of 200, 500, 1000 and 5000. Australian Dollars are also accepted in some shops and restaurants in Port Vila.

Tax

There is a 12.5% Value Added Tax on goods and services in Vanuatu. This is included in most prices.

Tipping

Tipping and bargaining are against local tradition. Rather tip with a smile and a 'thank you'.

Image Source: John Nicholls. Hibiscus flower in Vanuatu Image Source: John Nicholls. Hibiscus flower in Vanuatu Image Source: John Nicholls. Hibiscus flower in Vanuatu
Hibiscus flowers in Vanuatu
John Nicholls
(johnnicholls@vanuatu.com.vu)

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