Difference between revisions of "Antilles Yent"

Revision as of 03:31, 31 May 2006

Antilles Yent
used in: Lesser Antilles introduced: 17th July, 1954 ISO Code: AYNT Exchange Rate: 1 Yent = 24.014 USD

Antilles Yent(*) = 100 Pence (D)
The Yent is the Offical Regional currancy of the Lesser Antilles. It was indroduced when the region was started in 1954 and was first used in the United Island Empires and Caseia. It has now become widespread with users in and outside of the Lesser Antilles. The usual design is a map of the Lesser Antilles of the reverse, although different nations have there own unique designs. All numbers are in Arabic Numerals because of language difficulties.
ISO Currancy code: AYNT

It is controled by the Antillean Central Bank in Sekore Island, United Island Empires, run by the IEC Bank.

History

The Antilles Yent was first used in 1954 as a way of increasing trade between companies in the United Island Empires and the Caseian Government. When the Lesser Antilles Economic Community was start between these nations, plus Zarroc and Lithwah, it was decided that the Yent be the official currency of the union. As over the next 50 years more nations join the LAEC, the regional currency became more widespread. In 1994, a legislation was passed allowing nation outside of the LAEC, and even outside of the Lesser Antilles, to use the Yent as their currency. At as 2005 estimate, around 100 nations from around the NationStates world use the Antilles Yent as their currency.

Approximate Exchange Rates

These are the average exchange rates for one Antilles Yent. The rates will vary.

RL
1*=US$24
1*=GB£15
1*=JP¥2530

NS
1*=€12
1*=Đ11
1*=Θ20
1*=f 11
1*=G171
1*=SD16
1*=k$15
1*=13Praefeli
1*=WÇ10

Coins

Notes

Note: These are the designs on the original notes. There are many other designs.

Controversy Surrounding the Yent

Sovereignty

The Yent was set up following two of the ideals of the LAEC, Wealth and Regional Union. However, it has been said that in encroaches of another of the ideals, Sovereignty. This has sparked and large debate within the Antillean Court of Justice. Many nations complain that sovereignty is already given up in favour of other ideals in other parts of the LAEC. However, other say it is within there sovereign rights to use a regional currency if they wish.

Privatisation

There is also controversy sounding the fact that the IEC Bank, a Public Limited Company, is controlling the currency of many billions of people. However, the company is closely regulated by officials from nearly every nation in the LAEC.

Users on NSWiki

• Caseia
• Korrennia
• Lithwah
• Overseas Territories of the United Island Empires
• United Island Empires
• Zarroc
• Liberty-topia

Lesser Antilles on NSwiki

Main articles: Lesser Antilles, Lesser Antilles Economic Community

Nation pages: Cairngormia, Caseia, Hewele, Korrennia, Liberty-topia, Lithwah, Ordune, United Island Empires, Zarroc

Regional info: Antilles Yent, LA QuickInfo, Lesser Antilles Defender Region, Lesser Antilles Football Cup, Lesser Antilles Security Council, Ministers of the LAEC

For more information or to see non-listed pages, please see Category:Lesser Antilles.