Netherlands Antilles dissolved; new notes reported for introduction in 2012

The Netherlands Antilles was dissolved as a unified political entity on 10 October 2010, and the five constituent islands attained new constitutional statuses within the Kingdom of the Netherlands. Bonaire, Saba, and Sint Eustatius became special municipalities within the Netherlands and will adopt the US dollar on 1 January 2011. Curaçao and Sint Maarten became two new independent states within the Kingdom of the Netherlands, similar to Aruba. The old Bank van de Nederlandse Antillen became the Centrale Bank van Curaçao en St Maarten which plans to introduce a new common currency, the Curaçao St Maarten gulden (CMG) in 2012 at par with the Netherlands Antilles gulden, although the Antillean guilder will be maintained as legal tender for a transitional period.

Courtesy of Stein Langørgen.

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