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Livatu
The Livatu is a unit used by the Turaga indigenous movement and the Tangbunia Bank in Vanuatu to reckon the worth of items of traditional currency such as pigs and textiles. One livatu is equivalent to one fully curved boar's tusk, a symbolic item of value in Vanuatu culture. Long dyed mats, a less valuable item of exchange, are worth up to a half a livatu. According to Chief Viraleo, manager of the Tangbunia Bank, the value of 1 livatu is fixed at 18,000 vatu (approximately ). This approximately reflects the price for which tusks sell in the markets of Port Vila. Account holders at the bank can make transfers and write cheques in livatu. Etymology The word ''livatu'' is a compound derived from Raga ''livo'' "tooth, tusk" and ''vatu'' "stone". ''Livo'' derives from Proto-Oceanic ''*lipon'', from Proto-Malayo-Polynesian and Proto-Austronesian ''*lipen'', a variant of ''*nipen''/''*ŋipen'' (compare Samoan ''nifo'' and Tagalog ''ngipin''). ''Vatu'' derives from Proto-Oceanic ''* ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Livatu Currency Symbol
The Livatu is a unit used by the Turaga indigenous movement and the Tangbunia Bank in Vanuatu to reckon the worth of items of traditional currency such as pigs and textiles. One livatu is equivalent to one fully curved boar's tusk, a symbolic item of value in Vanuatu culture. Long dyed mats, a less valuable item of exchange, are worth up to a half a livatu. According to Chief Viraleo, manager of the Tangbunia Bank, the value of 1 livatu is fixed at 18,000 vatu (approximately ). This approximately reflects the price for which tusks sell in the markets of Port Vila. Account holders at the bank can make transfers and write cheques in livatu. Etymology The word ''livatu'' is a compound derived from Raga ''livo'' "tooth, tusk" and ''vatu'' "stone". ''Livo'' derives from Proto-Oceanic ''*lipon'', from Proto-Malayo-Polynesian and Proto-Austronesian ''*lipen'', a variant of ''*nipen''/''*ŋipen'' (compare Samoan ''nifo'' and Tagalog ''ngipin''). ''Vatu'' derives from Proto-Oceanic ''* ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tuvatu Currency Symbol
The Livatu is a unit used by the Turaga indigenous movement and the Tangbunia Bank in Vanuatu to reckon the worth of items of traditional currency such as pigs and textiles. One livatu is equivalent to one fully curved boar's tusk, a symbolic item of value in Vanuatu culture. Long dyed mats, a less valuable item of exchange, are worth up to a half a livatu. According to Chief Viraleo, manager of the Tangbunia Bank, the value of 1 livatu is fixed at 18,000 vatu (approximately ). This approximately reflects the price for which tusks sell in the markets of Port Vila. Account holders at the bank can make transfers and write cheques in livatu. Etymology The word ''livatu'' is a compound derived from Raga ''livo'' "tooth, tusk" and ''vatu'' "stone". ''Livo'' derives from Proto-Oceanic ''*lipon'', from Proto-Malayo-Polynesian and Proto-Austronesian ''*lipen'', a variant of ''*nipen''/''*ŋipen'' (compare Samoan ''nifo'' and Tagalog ''ngipin''). ''Vatu'' derives from Proto-Oceanic ''* ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tangbunia Bank
The Tangbunia Bank (widely misreported as ''Tari Bunia'') is a bank run by the Turaga indigenous movement on Pentecost Island in Vanuatu. It is notable for dealing in items of customary wealth such as hand-woven mats, shells or pig tusks rather than currency such as the vatu. Accounts at the bank are reckoned in livatu, a unit equivalent to the value of one fully curved boar's tusk. The Tangbunia Bank has fourteen branches throughout the island, with its headquarters at Lavatmanggemu. The bank's manager is Chief Viraleo Boborenvanua. It was set up in accordance with the national government's support for the indigenous customary economy, in a country where a majority of the population does not participate extensively in a monetary economy. According to the British Broadcasting Corporation, the bank is similar to other banks in that it has "accounts, reserves, cheque books and tight security". The bank is named after the giant baskets in which valuables were traditionally stored. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vatu
The vatu ( abbreviation: VT;The Reserve Bank of Vanuatu.Current Banknotes and Coins in Circulation" Accessed 2 March 2013. ISO code: VUV) is the currency of Vanuatu. The vatu has no subdivisions. Etymology The term ''vatu'', used in all three official languages of Vanuatu, was borrowed from the word for "stone" in some indigenous languages (such as Raga ''vatu''). Ultimately, it descends from Proto-Oceanic ''*patu'', from Proto-Malayo-Polynesian and Proto-Austronesian ''*batu'' of the same meaning. Exchange rate History The vatu was introduced in 1981, one year after independence, to replace the New Hebrides franc at par. The vatu was issued as a single unit with no subdivision, with the 1 vatu coin being the smallest denomination issued, in a similar vein to the (post-1953) Japanese yen and the Tajikistani rouble (although that had an official if theoretical, subdivision). The ISO 4217 currency code for the Vanuatu vatu is VUV. Its nationally recognized symbol Vt is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Turaga Nation
The Turaga nation (from ''tu'' "stand" and ''raga'', a tribal name) is an indigenous movement based in northern Pentecost Island, Vanuatu. Its leader is Chief Viraleo Boborenvanua, and it has also been associated with Motarilavoa Hilda Lin̄i. The organisation has its headquarters in the traditional village of Lavatmanggemu on the north-east coast of Pentecost. The Turaga movement promotes the revival of traditional Melanesian customs, modernised in certain respects. In place of the Western economic system, which is seen as a cause of poverty and foreign dependency, the movement promotes the ''kastom'' (custom) economy, based on traditional systems of economic exchange and native forms of currency such as pigs and woven mats. The Turaga movement operates its own bank (called Tangbunia after the giant baskets in which valuables were traditionally stored) at which these items can be deposited, and has devised a unit of currency (the livatu, equal to the value of a fully curved bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Of Oceania
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alternative Currencies
A complementary currency is a currency or medium of exchange that is not necessarily a national currency, but that is thought of as supplementing or complementing national currencies. Complementary currencies are usually not legal tender and their use is based on agreement between the parties exchanging the currency. According to Jérôme Blanc of Laboratoire d'Économie de la Firme et des Institutions, complementary currencies aim to protect, stimulate or orientate the economy. They may also be used to advance particular social, environmental, or political goals. When speaking about complementary currencies, a number of overlapping and often interchangeable terms are in use: local or community currencies are complementary currencies used within a locality or other form of community (such as business-based or online communities); regional currencies are similar to local currencies, but are used within a larger geographical region; and sectoral currencies are complementary curren ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vanuatuan Culture
This article presents an overview of the culture of Vanuatu. Social system and customs Vanuatu culture retains a strong diversity through local regional variations and through foreign influence. Vanuatu may be divided into three major cultural regions. In the north, wealth is established by how much one can give away, through a system of grade-taking. Pigs, particularly those with rounded tusks, are considered a symbol of wealth throughout Vanuatu. In the center, more traditional Melanesian cultural systems dominate. In the south, a system involving grants of title with associated privileges has developed. Young men undergo various coming-of-age ceremonies and rituals to initiate them into manhood, usually including circumcision. Music Traditional music (known in Bislama as ''kastom singsing'' or ''kastom tanis'') is still thriving in the rural areas of Vanuatu. Musical instruments consist mostly of idiophones: drums of various shape and size, slit gongs, as well as rattles ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of Vanuatu
The Reserve Bank of Vanuatu is the central bank of Vanuatu (an island country located in the South Pacific Ocean). It was initially known as the Central Bank of Vanuatu after the nation's independence from France and the United Kingdom. The bank began operations on 1 January 1981 and was initially responsible for currency exchange. It established the Vatu as the national currency to replace the circulation of the New Hebrides franc and Australian dollar. The bank also replaced the role of the Banque Indosuez Vanuatu. The institution's name was changed to the Reserve Bank of Vanuatu in May 1989 and its responsibility over the national banking industry was expanded. Role The functions, powers and responsibilities of the RBV are specified in the Reserve Bank of Vanuatu Act AP 125of 1980. The specific purposes of the RBV as spelled out in Section 3 of the Reserve Bank Act are to: Regulate the issue, supply, availability and international exchange of money; Supervise and regulate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
5 Tuvatu Banknote
5 (five) is a number, numeral and digit. It is the natural number, and cardinal number, following 4 and preceding 6, and is a prime number. It has attained significance throughout history in part because typical humans have five digits on each hand. In mathematics 5 is the third smallest prime number, and the second super-prime. It is the first safe prime, the first good prime, the first balanced prime, and the first of three known Wilson primes. Five is the second Fermat prime and the third Mersenne prime exponent, as well as the third Catalan number, and the third Sophie Germain prime. Notably, 5 is equal to the sum of the ''only'' consecutive primes, 2 + 3, and is the only number that is part of more than one pair of twin primes, ( 3, 5) and (5, 7). It is also a sexy prime with the fifth prime number and first prime repunit, 11. Five is the third factorial prime, an alternating factorial, and an Eisenstein prime with no imaginary part and real part of the for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samoan Language
Samoan ( or ; ) is a Polynesian language spoken by Samoans of the Samoan Islands. Administratively, the islands are split between the sovereign country of Samoa and the United States territory of American Samoa. It is an official language, alongside English, in both jurisdictions. It is widely spoken across the Pacific region, heavily so in New Zealand and also in Australia and the United States. Among the Polynesian languages, Samoan is the most widely spoken by number of native speakers. Samoan is spoken by approximately 260,000 people in the archipelago and with many Samoans living in diaspora in a number of countries, the total number of speakers worldwide was estimated at 510,000 in 2015. It is the third-most widely spoken language in New Zealand, where 2.2% of the population, 101,900 people, were able to speak it as of 2018. The language is notable for the phonological differences between formal and informal speech as well as a ceremonial form used in Samoan oratory. Cla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
