The Vatu

The Reserve Bank of Vanuatu maintains their monetary policy. The currency is the Vatu (VUV) – pegged to a basket of currencies.

There is no clear evidence of a CBDC being planned. But Vanuatu did originate Unblocked Cash which is blockchain driven money.

The RBV is focused on financial inclusion.

 

“The project originated in 2019 in Vanuatu, where the severity of Tropical Cyclone Harold and COVID-19 restrictions had resulted in a significant reduction in income and livelihoods, particularly amongst households with pre-existing vulnerabilities. Oxfam, in partnership with Australian fintech Sempo and blockchain company ConsenSys first piloted the project with the active participation of 198 beneficiaries and 33 vendors across 2 communities.” Oxfam

 

By cryptorocks_editor

Editor.