200 Vatu

Vanuatu adopted polymer for its banknote series in stages, with this denomination among the later transitions from cotton paper. Oberthur Fiduciaire produced the substrate and printing in France — the same firm responsible for a significant portion of Francophone Africa's currency output, making them an unsurprising choice for a former Franco-British condominium still commercially tied to both nations.

The 200 Vatu sits at the low end of the denomination range in day-to-day purchasing terms, meaning these circulate hard and return to the Reserve Bank damaged faster than higher values. Polymer helps, but the transparent window placement on small-format issues can develop stress fractures along fold lines with heavy use.