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20 Vatu Year of the Horse

Issuer Reserve Bank of Vanuatu
Year 2026
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Value 20 Vatu
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Obverse script Latin
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Reverse description A prancing horse rendered in traditional Chinese paper-cut style occupies the central field, its body decorated with intricate floral and scrollwork motifs and finished with selective gold gilding. Stylised auspicious clouds flank a single inlaid pink pearl in the upper left field. Decorative floral sprays in low relief fill the lower field and flanking areas. The curved legend 'YEAR OF THE HORSE' arcs along the upper periphery, with the date '2026' and the fineness designation '1oz Ag .999' inscribed in the lower exergual area.
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Additional information

Vanuatu has no indigenous horse population and no historical association with the animal — the coin exists purely to capture the Chinese lunar calendar collector market, a revenue strategy the Reserve Bank of Vanuatu has pursued aggressively since the 1990s through licensing arrangements with overseas minting and marketing firms. The actual 20 Vatu denomination is effectively fictional at this size and metal; nothing circulates at that value in silver.

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