Last Updated on September 24, 2022, 6:26 AM AST by Anthony Morris
Timothy N. J. Antoine, The Governor of the Eastern Caribbean Central Bank (ECCB), has stated that there are no immediate plans to make changes to the EC polymer notes and coins following the death of Queen Elizabeth II.
He was asked to settle the query of the media. Thus, the Central Bank’s Governor responded to the question during a live interview, ‘Conversation with the Governor’ in Saint Vincent and the Grenadines. Governor Antoine said, “nothing happens right now.”
He further explained that the central bank still has at least three to four years of inventory or stock of EC polymer notes.
However, The Governor noted that the passing of the Queen raises the question of ‘what happens next?’ He said that the conversation needs to take place, and the eastern caribbean region needs to decide ‘where we want to take our currency.’
The Governor of the ECCB acknowledged 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 landmarks and our heroes.” He stated that he looks forward to the conversation, noting that a determination will be made in time.
The Eastern Caribbean Central Bank (ECCB) was established in October 1983. The ECCB is the Monetary Authority for Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, Saint Christopher (St Kitts) and Nevis, Saint Lucia and
Saint Vincent and the Grenadines.
After the death of Queen Elizabeth II, on September 8, according to protocol, several changes will be made in many of the commonwealth realms that she was a monarch. One of these changes was that the monarchy was passed on to the Late Queen Elizabeth’s eldest son, His Majesty King Charles III. He was declared king as soon as his mother passed away at her summer residence in Balmoral, Scotland.
According to protocol, the currency of the United Kingdom and the commonwealth realms that Her late Majesty was a monarch of must change to feature the initials and face of the new monarch, King Charles.
Her Late Majesty, Queen Elizabeth II, was buried at the St. George’s Chapel in Windsor Castle.
Anthony Morris covers stories related to politics and regional developments. His in-depth reporting about governance and reforms makes him stand out in regional journalism, with a deep analysis of political trends and their impact on Caribbean communities.
