Ni-Vanuatu Vatu in South African Rand

VUV Ni-Vanuatu Vatu

Country of application:
Vanuatu

Coin denominations in circulation:
1, 2, 5, 10, 20, 50, 100 vat.

Denominations of banknotes in circulation:
200, 500, 1000, 2000, 5000, 10,000, 200 watt.

History reference:
Vatu means "stone" in Bislama. During the colonization of the islands by Great Britain and France, Australian, French and English money circulated on the territory of the New Hebrides. In 1941, the N...ew Hebridean franc was introduced into circulation. On July 30, 1980, the islands gained independence from Great Britain and France and the name of the state was renamed Vanuatu (meaning "this land forever"), and the New Hebridean franc was renamed Vatu. On December 16, 1980, the government began a monetary reform, one of the tasks of the reform was to develop the design of a new currency. On March 22, 1982, a new currency came into circulation. Until April 1, 1983, the new currency and the predecessor currencies (Australian dollar and New Hebridean franc) were used in everyday life.

ZAR South African Rand

Country of application:
Namibia, South Africa

Coin denominations in circulation:
5, 2, 1 rand, 50, 20, 10, 5 cents.

Denominations of banknotes in circulation:
200, 100, 50, 20 and 10 rand.

History reference:
The name rand (rand) comes from the name of the mountain range, the name of which sounds like the Witwatersrand (in one of the official languages of South Africa, Afrikaans Witwatersrand). This mount...ain range is located in the South African province of Gauteng, which is famous for the largest gold deposits in the country. The South African rand was first introduced into circulation in February 1961, shortly before the founding of the Republic of South Africa. The rand replaced the South African pound at a rate of 2 rand to 1 pound. Up until the early 1970s, the rand was worth about 1.5 rand to the US dollar. However, in the following decades, the rand quickly depreciated, and at the turn of the 21st century and during the Great Recession, it changed significantly. As the political landscape changed in the early 1990s, the rand slowly depreciated to record lows due to uncertainty. The fall was exacerbated when land reform began in 2001. Shortly after the 9/11 attacks, global uncertainty took its toll and the rand plummeted again to 13 rand per US dollar.