Financial Institutions and Markets in Vanuatu

  • Michael T. Skully
Chapter

Abstract

Located approximately 1750 kilometres north-east of Australia and north-north-east of New Caledonia, the Republic of Vanuatu consists of an archipelago of some 80 islands spread over 850 kilometres in a ‘Y’ shape running roughly north to south. The bulk of the country’s 12,189 square kilometres land mass is made up by the eight larger islands of Efate, Espíritu Santo, Malakula, Tanna, Eromango, Aoba, Ambrym, and Pentecost. They also account for the bulk of the country’s 140,000 population.

Keywords

Financial Institution Foreign Exchange Credit Union Australian Dollar National Development Plan 
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Notes

  1. 5.
    Cyril Belshaw (1950) Island Administration in the South West Pacific: government and reconstruction in New Caledonia, the New Hebrides, and the British Solomon Islands (London: Royal Institute of International Affairs) p. 110.Google Scholar
  2. 8.
    For a discussion of these events see Grace Molisa, Nike Nike Vurobaravu and Howard Van Trease, ‘Background to “The Eve of Independence,” the hidden agenda,’ in Lini, Walter, (1980) Beyond Pandemonium: from the New Hebrides to Vanuatu (Wellington: Asia Pacific Books) pp. 56–9.Google Scholar
  3. 15.
    J. S. G. Wilson (1966) Economic Survey of the New Hebrides (London: HMSO) p. 188.Google Scholar
  4. 25.
    David Wheeler (1985) ‘Barclays ends ties with Pacific Islands’, Australian Financial Review, 13 August, p. 45.Google Scholar
  5. 27.
    Central Bank of Vanuatu (1983) Annual Report and Statement of Accounts for 1983, p. 18.Google Scholar
  6. 28.
    Central Bank of Vanuatu (1984) Annual Report and Statment of Accounts for 1984, p. 48.Google Scholar
  7. 34.
    Brian A. Ponter (1983) ‘Co-operatives in Vanuatu, 1962–1980’, Ph.D. thesis, University of the South Pacific, p. 202.Google Scholar
  8. 41.
    Development Bank of Vanuatu (1984) Fifth Annual Report, p. 11.Google Scholar
  9. 64.
    Mike Bishop and Ann Wigglesworth (1982) A Touch of Australian Enterprise: the Vanuatu experience (Fitzroy (Vico): International Development Action) p. 10.Google Scholar
  10. 77.
    Edna Carew (1984) ‘Letter from Port Vila’, Far Eastern Economic Review, 6 September. The government estimated 115 million vatu in fees alone over 1985 and 161 million for 1986.Google Scholar
  11. 79.
    Bishop and Wigglesworth (1982) op. cit. A Touch of Australian Enterprise, p. 26.Google Scholar
  12. 82.
    James E. Winkler (1982) Losing Control: toward an understanding of transnational corporations in the Pacific island context (Suva: Pacific Conference of Churches) p. 41.Google Scholar
  13. 85.
    Economist Intelligence Unit (1985) Annual Summary, p. 48.Google Scholar
  14. 96.
    Central Bank of Vanuatu (1984) Annual Report and Statement of Accounts for 1984, p. 21.Google Scholar
  15. 97.
    For a discussion of these matters see Michael T. Skully (ed.) (1982) Financial Institutions and Markets in the Far East: a study of China, Hong Kong, Japan, South Korea and Taiwan (London: Macmillan) p. 45–6, 70. Google Scholar

Copyright information

© Australian Consulting Inc. 1987

Authors and Affiliations

  • Michael T. Skully
    • 1
  1. 1.University of New South WalesAustralia

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