20 Vatu Vanuatu Olympic Team, Archery

Vanuatu has sent athletes to the Summer Olympics since 1988, though its participation has been intermittent and its medal count remains zero. The National Olympic Committee operates on a shoestring, and issues like this one — struck in fine silver for international collector markets rather than domestic circulation — function as one of the few revenue streams available to small Pacific island nations with limited numismatic infrastructure. The Reserve Bank licenses these programs largely through foreign minting agencies.

KM#172 is among a cluster of Olympic-themed issues from Vanuatu in the 2024 series, each denomination tied to a specific sport.