Ni-Vanuatu Vatu to US Dollar — exchange rate

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

Country of Circulation: United States, British Virgin Islands, Ecuador, Panama and others

Currency Code, Symbol: USD, $

Denominations of coins in circulation: 1¢, 5¢, 10¢, 25¢

Denominations of banknotes in circulation: $1, $2, $5, $10, $20, $50, $100

History: The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.Read More