![Central Banking](https://www.centralbanking.com/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
Vanuatu launches new automated payments network
Island nation opens interbank rails and central securities depository
![Reserve Bank of Vanuatu](/sites/default/files/styles/landscape_750_463/public/2023-09/Reserve_Bank_of_Vanuatu.jpg.webp?h=bfaf21c2&itok=Gd1pZbZ6)
The Reserve Bank of Vanuatu launched a new automated payments system on September 11.
The Vanklia system includes a real-time gross settlement (RTGS) system, an automated clearing house and a central securities depository. Previously, interbank settlement relied on cheques.
The project enjoyed support from the Australian and New Zealand governments, as well as the World Bank’s private sector arm. The law authorising the new system was passed in 2021.
Simeon Athy, the central bank governor
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com