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By Staff Reporter : PNG Today

Old Vatu coin series no longer legal tender

The old series of Vt5, Vt10, Vt20, Vt50, and Vt100 coins are no longer legal tender effective Sunday, February 28, 2016, the Reserve Bank of Vanuatu (RBV) has reminded the general public.

“As such these coins will no longer be accepted in cash payments for goods and services,” the RBV statement says.

“However, the public is urged to take these coins to any commercial banks as they will continue to accept them as deposits into personal accounts or exchange them with any other Vatu denominations.”

It says commercial banks will continue to give value to these coins until further notice from the Reserve Bank of Vanuatu.

“The RBV wishes to further advise that the Bank continues to give value or exchange at face value, the demonetized Vt1 and Vt2 coins and the Vt100 banknote and encourages the general public to take these old notes and coins for exchange at the Reserve Bank of Vanuatu,” the RBV statement in English, French and Bislama states. Vanuatu Daily Post

Posted by Staff Reporter : PNG Today on 9:43 PM. Filed under . You can follow any responses to this entry through the RSS 2.0. Share this Article

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