Using the term "Monkey" for a face card in Blackjack and in Baccarat

When you play blackjack or baccarat you often hear the familiar cry for a  "monkey",  when players are calling for face card.  

Many people ask me, "why do the players call for a monkey"?

The best explanation I have heard is that the term "monkey" came from people of Chinese culture playing the European invented game of baccarat. 

In Europe the King, Queen are part of the Royal Court or Royal Monarchy.  

When Chinese people use the English word "Monarchy" with their Cantonese or Mandarin accents, spoken quickly, the word "Monarchy" sounds like "monkey".