{"id":169139,"date":"2023-02-19T10:31:49","date_gmt":"2023-02-19T14:31:49","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=169139"},"modified":"2023-02-19T10:31:49","modified_gmt":"2023-02-19T14:31:49","slug":"eccb-governor-says-there-may-be-no-appetite-for-king-charles-on-regions-banknotes","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/eccb-governor-says-there-may-be-no-appetite-for-king-charles-on-regions-banknotes\/","title":{"rendered":"ECCB Governor says there may be \u2018no appetite\u2019 for King Charles on region\u2019s banknotes"},"content":{"rendered":"
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Daily Observer:<\/strong> Could Queen Elizabeth II be the last British monarch to feature on the currency of the Eastern Caribbean?<\/p>

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Eastern Caribbean Central Bank Governor Timothy NJ Antoine alluded to that possibility, saying his evaluation was that there is \u201cno appetite\u201d in the region for its continuation.<\/p>\n

Speaking at a media briefing as the ECCB sought to highlight its 40th anniversary calendar of events, Governor Antoine said that the decision would be left up to the Monetary Council, which is made up of the member states\u2019 Finance Ministers.<\/p>

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\u201cWith the passing of Her Majesty Queen Elizabeth the Second, it is a fair question: what comes next? That is a decision that our Monetary Council, most of whom are Prime Ministers, will make in due course,\u201d he said.<\/p>

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King Charles III automatically became the British monarch following the passing of his mother in September.<\/p>\n

The death of Queen Elizabeth last year has reopened the debate on the type of relationship that former British colonies in the Commonwealth, including many of the Eastern Caribbean states, will have with the United Kingdom.<\/p>

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The Reserve Bank of Australia\u2014its central bank\u2014has already announced its intention to not include King Charles\u2019 portrait on its $5 banknote (although Royal Australian Mint noted that King Charles will replace his mother on the country\u2019s coins).<\/p>\n

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Governor Antoine said, regardless of the decision made by the Monetary Council, it would be years before any change is made about a new banknote design.<\/p>

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\u201cI have said before that there is no imminent change to our existing currency; we have in stock three to four years of mint condition [bank]notes. We are not going to burn them up or throw them away, we invested heavily in them,\u201d he explained.<\/p>

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The ECCB Governor continued that, in his discussions around the region, there was more interest in replacing the monarch with another Caribbean icon.<\/p>\n

\u201cWhat I heard was people enquiring when we will have more of our own\u2026at the moment we have Sir Arthur Lewis, a Nobel Laureate, and Sir K Dwight Venner, the longest serving [ECCB Governor],\u201d he said.<\/p>\n

However, Governor Antoine noted that any decision on a new face on the banknotes would require a consensus by eight separate member countries\u2014a challenge within the Eastern Caribbean Currency Union.<\/p>\n

\u201cThe challenge with eight member countries is how are you going to make those decisions\u2026if it was one country, it could be easily determined. That is not so easy with eight member countries and so one of the things we also heard is that we should feature more prominence of existing landmarks,\u201d he explained.<\/p>\n

The status of the British monarchy remains a fiercely debated topic in the region, as the spectre of British slavery of Africans in many Caribbean countries looms large.<\/p>\n

Visits by British royals to countries in the region have been met with protests, calls for reparations for the damage caused by slavery and the end of the monarchy as the head of state, with an eye on becoming a republic.<\/p>\n

In September 2022, Prime Minister Gaston Browne hinted that a referendum could be called to decide whether Antigua and Barbuda would move to become a republic, shortly after Charles III was announced King.<\/p>\n

The Prime Minister\u2019s comments also followed Barbados\u2019 transition to a republic last year, officially removing the monarch as its head of state with Sandra Mason, Barbados\u2019 last Governor General, becoming its first president under the new political system.<\/p>\n

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Daily Observer: Could Queen Elizabeth II be the last British monarch to feature on the currency of the Eastern Caribbean? Eastern Caribbean Central Bank Governor Timothy NJ Antoine alluded to that possibility, saying his evaluation was that there is \u201cno appetite\u201d in the region for its continuation. Speaking at a media briefing as the ECCB […]<\/p>\n","protected":false},"author":3,"featured_media":166117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-169139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nECCB Governor says there may be \u2018no appetite\u2019 for King Charles on region\u2019s banknotes - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/eccb-governor-says-there-may-be-no-appetite-for-king-charles-on-regions-banknotes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECCB Governor says there may be \u2018no appetite\u2019 for King Charles on region\u2019s banknotes\" \/>\n<meta property=\"og:description\" content=\"Daily Observer: Could Queen Elizabeth II be the last British monarch to feature on the currency of the Eastern Caribbean? Eastern Caribbean Central Bank Governor Timothy NJ Antoine alluded to that possibility, saying his evaluation was that there is \u201cno appetite\u201d in the region for its continuation. 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