Antilles Yent

Antilles Yent

Used IN	Lesser Antilles
Symbol	*
Subdivision	1 Antilles Yent(*) = 100 Pence (D)
Exchange Rate	1 Yent = 24.014 USD
In use since	17th July, 1954
Currency Code	AYNT

The Yent is the Offical Regional currency of the Lesser Antilles. It was indroduced when the Lesser Antilles Economic Community 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
The denomiation of the yent is: Antilles Yent(*) = 100 Pence (D)

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 started between these nations, Zarroc and Lithwah, it was decided that the Yent be the official currency of the union. As over the next 50 years as more nations join the LAEC, the regional currency became more widespread. In 1994, a legislation was passed allowing nations 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. This has fallen recently, now just 12 nations use it offically. However, it is still used for many tranactions across the world.

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*=Cr13
1*=WÇ0.9

Coins

¹Some early coins had different compositions.

Notes

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

International responses

• United Island Empires: In a 2006 press conference, UIE Managing Director Rt. Hon. Jacob Guest Sh. said on the suject of the single currency "It always has been, and will continue to be for the foreseeable future, that our view is that the single currency is the most effective method of economic cohesion between ourselves and other friendly nations."

• Caseia: A foreign affairs spokesperson for Caseia said "Caseia believes that the Yent offers greater international unity between LAEC member states."

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
• Monacon
• Overseas Territories of the United Island Empires
• United Island Empires
• Zarroc
• Liberty-topia

Possible Expantion

There have been attempts to spread the Yent to all members of the CARICOM. Lesser Antilles Security Council Bill 3 also made it posible for United Nations members in the Lesser Antilles region to unilaterally adopt the Yent as their currency.

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.