Reserve Bank of Vanuatu

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Banking

The Reserve Bank of Vanuatu provides banking services to a specific client base under the provision of the RBV Act. The Bank’s clients are the Government of Vanuatu, represented by the Department of Finance and Economic Management, the commercial banks and international financial institutions that have a relationship with the Bank and Government of Vanuatu. ( IMF, World Bank, etc).

Banking services offered includes deposits and withdrawals through the customer teller area, processing and clearing of cheques through the Port Vila Clearing House and the processing of international payments and transfers through the SWIFT payment system.

Each client maintained  are number of accounts with the Bank . These accounts are used for various purposes. Commercial banks net daily payments obligations processed through the Port Vila clearing House and  SWIFT are processed through the Exchange Settlement (ES) Account that they maintains with the Reserve Bank.

 

As a banker to the Government the Reserve Bank also perform other banking services to the Government, as and when required.

 

Financial Services