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Yuan dynasty banknotes are the earliest known fiat money. Fiat money is a currency established as money by government regulation or law. The term derives from the Latin fiat (let it become, it will become) used in the sense of an order or decree. It differs from commodity money and representative money.
Vanuatu money, the Vatu is the Vanuatu currency. The currency in Vanuatu is the VATU. You'll probably feel weak in the knees the first time you see a bill in Vatu because one Vatu is like One Cent so $10 would be VT1,000 and a nice dinner in one of the better restaurants might set you back VT 5,000 per person.To find out what the Vatu is worth in your currency right now use this money converter.ou'll probably feel weak in the knees the first time you see a bill in Vatu because one Vatu is like One Cent so $10 would be VT1,000 and a nice dinner in one of the better restaurants might set you back VT 5,000 per person. To find out what the Vatu is worth in your currency right now use this money converter.