The local currency is the Vatu VT. It's ISO 4217 Code is VUV. As of August 2009, 100VT is worth approximately 1USD, 1.20AUD, 1.50NZD or 0.70EUR . There are notes for 200 VT, 500 VT, 1000 VT, and 5000 VT, while coins include 1, 2, 5, 10, 20, 50 and 100 VT pieces.
Credit and debit cards on the major networks Cirrus, Maestro, etc are accepted by many businesses in town.
ATMs are available in Port Vila, and include the Australian banks ANZ and Westpac. The National Bank of Vanuatu has a branch at the airport and is open for all flight arrivals. Otherwise, banking hours are from 8:30AM to 3PM.
Tipping is not expected in Vanuatu, nor is haggling or bargaining; it is not the custom and only encourages a "master-servant" relationship. However gifts are very appreciated and the exchange of gifts for services rendered fits well into the local traditions western governments have a hard time coming to terms with this practice as it is interpreted as bribery and corruption. But in the Melanesian culture, this practice is a normal way to do business...well the White Man introduced that "Cash" stuff.
A bag of rice to a village chief may be received with gratitude and dignity, but to offer triple the value in cash may be regarded as patronising, plus it will artificially inflate the price for the next traveller; set wrong expectation, and rapidly destroy the genuine spontaneous friendship so easily given to you.
A nice gesture is to give phone cards or a T-shirt, or school pads, pens etc., for the children. Plenty of kids here! We naturally don't recommend lollies and the like as it only encourages junk food dependency plus giving cash to local men may often be spent at the Kava bar and of no benefit to his family. If you have to give cash, ensure it is given to women, preferably mothers who generally control the family budget. The introduction of Poker machines has certainly not helped the situation considering these places are for the most part frequented by local people mostly men who can ill afford to waste their small wages in this way.
There are two market areas along the foreshore in Port Vila. The main market sells mostly food, and you can find all kinds of local produce there. Further north, near the beach, there is a row of grass-roofed market stalls that sell clothing, bags, sarongs and other items.
The woven grass bags and mats are widely available and very attractive.