One of the mysteries of the English language finally explained.
The basic monetary unit of Vanuatu, equal to 100 centimes.
- ‘With its only significant exports being agricultural - copra, cocoa, beef and timber - Vanuatu has a chronic balance of trade deficit in excess of 6 billion vatu annually.’
- ‘The name of the national currency, the vatu derives from central northern languages, as does the name ‘Vanuatu.’’
- ‘Carry the currency (vatu) in small denominations when visiting the outer islands.’
- ‘According to the November 2004 provisional trade figures, the National trade deficit stood at 1,104 million vatu showing a deterioration of 264 million vatu compared to November 2003.’
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