The functions, powers and responsibilities of the RBV are specified in the Reserve Bank of Vanuatu Act [CAP 125] of 1980. The specific roles of the RBV as spelled out in Section 3 of the Reserve Bank is to

• Regulate the issue, supply, availability and international exchange of money;
• Supervise and regulate banking business and the extension of credit;
• Advise the Government on banking and monetary matters;
• Promote monetary stability;
• Promote a sound financial structure;
• Foster financial conditions conducive to the orderly and balanced economic development of Vanuatu
• To regulate and supervise domestic and international (offshore) banks.

The Bank endeavors to perform these tasks through, among others, these following activities:

• The formulation and implementation of monetary policy including open market operations in short-term RBV Notes which aims at economic management in which monetary and credit expansion is kept pace with non-inflationary growth at appropriate interest rate levels, while, managing appropriate level of liquidity flows within the banking system to meet the desired stance of monetary policy;
• Licensing and prudential supervision of domestic and offshore banking business;
• Custodian and maintenance of the country’s official reserve of external assets;
• Printing, minting, safe-keeping, issue, and maintenance of currency notes and coins;
• Operations and maintenance of the clearing and settlement of the inter bank payments;
• Collection, analysis and dissemination of monetary, economic and financial data and information;
• Banker, fiscal agent, depository and adviser to the Government.
• Banker to domestic commercial banks and the Vanuatu Commodities Marketing Board.

For more information please visit RBV’s website at: http://www.rbv.gov.vu/index.php

Reserve Bank of Vanuatu
PMB 9062, Port Vila
Tel: (678) 23333, Fax: (678) 24231
E-mail: info@rbv.gov.vu | enquiries@rbv.gov.vu