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National Bank of Tuvalu
The National Bank of Tuvalu (NBT) is the sole provider of banking services in Tuvalu. These services include taking deposits, making loans, and engaging in foreign exchange transactions. In 2020, its assets were AUD$128 million, or 160% of the country's GDP. There is no monetary authority or central bank in Tuvalu. The NBT performs some monetary functions for the government, including holding government accounts and foreign assets. The NBT is the only institution in Tuvalu that offers foreign exchange transactions. It buys and sells foreign exchange at rates determined by its board, which considers the rates quoted in the international markets. The NBT cashes traveller's cheques. There are no credit card facilities or ATMs available in Tuvalu. The Tuvaluan dollar is not an independent currency but a variation of the Australian dollar. Tuvalu began issuing its own coins in 1976, which circulate alongside Australian coins, and it continues to use Australian...
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str.rdfs:commentThe National Bank of Tuvalu (NBT) is the sole provider of banking services in Tuvalu. These services include taking deposits, making loans, and engaging in foreign exchange transactions. In 2020, its assets were AUD$128 million, or 160% of the country's GDP. There is no monetary authority or central bank in Tuvalu. The NBT performs some monetary functions for the government, including holding government accounts and foreign assets. The NBT is the only institution in Tuvalu that offers foreign exchange transactions. It buys and sells foreign exchange at rates determined by its board, which considers the rates quoted in the international markets. The NBT cashes traveller's cheques. There are no credit card facilities or ATMs available in Tuvalu. The Tuvaluan dollar is not an independent currency but a variation of the Australian dollar. Tuvalu began issuing its own coins in 1976, which circulate alongside Australian coins, and it continues to use Australian... -
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str.rdfs:labelNational Bank of Tuvalu