Banknotes
On 22 March 1982, notes were introduced by the Central bank of Vanuatu in denominations of 100, 500, and 1,000 vatu. These officially replaced franc notes of the former New Hebrides. In 1988 the 100 vatu note was withdrawn from circulation and replaced by a 100 vatu coin. In 1989, 5,000 vatu notes were introduced.
In 1993, after a financial restructure, the Reserve Bank of Vanuatu took over paper money issuance and introduced newly designed notes for 500 and 1000 vatu. 200-vatu notes were first introduced in 1995 to cut down on the amount of 100 vatu coins received in change and the need to meet demand by producing more. Polymer 10,000 notes were first introduced on 28 July 2010. These are currently the highest denomination in Vanuatu. In 2011, new 5,000 vatu notes were also issued in polymer.
Read more about this topic: Vanuatu Vatu