Get rid of manx currency

Quite simply get rid of the Manx currency and adopt UK (English would be my preference) notes an coins.

Why the contribution is important

This stops the printing and minting costs and we would have money that is actually useful off Island.

by StiltonMan on May 15, 2017 at 01:00PM

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Comments

  • Posted by LeanGreen May 15, 2017 at 20:28

    I understand we gain from using Manx money because an equivalent amount has to be lodged with the Bank of England and we get interest-or something like that. Anyhow I'm sure I remember previous treasury ministers saying it was to our advantage to have our own coins and notes.
  • Posted by DragonX May 15, 2017 at 21:01

    Yes, but how much does it cost and is it just a vanity project that cannot be afforded now?
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