Pound Sterling to Ni-Vanuatu Vatu — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: Vanuatu

Currency Code, Symbol: VUV, VT

Denominations of coins in circulation: 1VT, 2VT, 5VT, 10VT, 20VT, 50VT, 100VT

Denominations of banknotes in circulation: 200VT, 500VT, 1,000VT, 2,000VT, 5,000VT, 10,000VT

History: The vatu (Vt) is the national currency of a republic in Melanesia called Vanuatu. In currency exchange and on the international market, the currency is known as VUV. The currency does not have any coinage.The state issues only small coins worth a few vatu. VUV has first been issued in 1982. It has replaced the New Hebrides franc that had lasted for some time. Since 2011, the country has stopped issuing coins worth 1 and 2 vatu, but they remain legal in use. The name translates as “a rock”. It is likely that it was chosen due to sounding similar to the country’s name.Read More