Vanuatu is financially secure against any global tensions or disasters in terms of its financial reserves.

This confirmation comes from the Governor of the Reserve Bank of Vanuatu, Mr. August Letlet, following concerns that the ongoing war in the Middle East could affect the country’s economy.

Governor Letlet said Vanuatu has total financial reserves of 83 billion vatu, which is equivalent to 10 months of import cover.

Mr. Letlet said the Reserve Bank is confident in the level of reserves currently in place.