Vaitupu is one of the nine inhabited islands of Tuvalu and has no independent monetary authority — these "local" issues are produced entirely for the collector market, licensed through arrangements that grant nominal issuing status to named islands or atolls with no actual fiscal infrastructure. The denomination has no relationship to any circulating currency.
Vaitupu is one of the nine inhabited islands of Tuvalu and has no independent monetary authority — these "local" issues are produced entirely for the collector market, licensed through arrangements that grant nominal issuing status to named islands or atolls with no actual fiscal infrastructure. The denomination has no relationship to any circulating currency.