The Governor of the Eastern Caribbean Central Bank (ECCB) Timothy NJ Antoine says there are no immediate plans to make changes to the Eastern Caribbean polymer notes and coins following the death of Queen Elizabeth II.
Responding to a question during a live interview “Conversation with the Governor” in St. Vincent and the Grenadines, Antoine said, “nothing happens right now”.
He said that there is three to four years of inventory or stock of EC polymer notes.
The governor, however, said that the passing of the Queen raises the question as to “what happens next?”
He said a conversation needs to take place where the region needs to decide “where we want to take our currency”.
Antoine said that there are people who feel that “its time to move in a different direction and rather than continuing with the British sovereign, that we should be looking at using our own landmarks and our own heroes”.
Antoine said that he looks forward to the conversation, noting that in time, a determination will be made.
(Source: Eastern Caribbean Central Bank)
I love the idea of using our own heroes and landmark on our own currency, but the question is, who will be the hero to be printed on the note?
What we also need to look at is in changing the notes to our very own, what then will become the value of our currency and our economy?
The eastern Caribbean had the highest exchange rate conversion on money in the caribbean but to what value would we depreciate or appreciate?
Who decides the value?
Where would we as a nation now stand seeing that we are supposed to be a Commonwealth nation but our currency is not common enough to be equated to the English sterling?
We can clearly see that since coming under the colonial rule of the British empire we have never had the opportunity to rise or even think effectively.
Now this is a perfect opportunity to sit down and knock heads as they will say, get the facts and act on them before we end up straight back into a deeper level of slavery.
I’m not a fan of the Queen but I know you can’t erase history. Across the British Caribbean people like they suddenly have become hostile toward the Monarchy, but I believe that is only because of mental coercion by self centered populist politicians. All of them appear to be trying to out do each other for points.
In time aryo could remove Elisabeth II as the figure head and replace her with Charles III an see if that money can retain it’s value or just become paper. Aryo better think it trough real good before aryo condemn future generations to a life of misery. Seeing alyo don’t seem to know de fus ting bout capitalism.
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