Curaçao and Sint Maarten plan common Caribbean guilder currency in 2024

According to a press release dated 5 September 2022, the Centrale Bank van Curaçao en Sint Maarten is moving ahead with the introduction of the Caribbean guilder in 2024. “Caribbean-guilder coins will be issued in the following denominations: 5 guilders, 1 guilder, 50 cents, 25 cents, 10 cents, 5 cents, and 1 cent. For banknotes, the denominations will be 200 guilders, 100 guilders, 50 guilders, 20 guilders, and 10 guilders. The NAf 250-guilder banknote will be replaced by the 200 Caribbean-guilder note and the NAf 25-guilder banknote by the 20 Caribbean-guilder note. The new denominations are more in line with the general international payment-system practices, such as in the case of the euro and the dollar. Like the NAf, the Caribbean guilder will be legally pegged to the U.S. dollar at an exchange rate of US$1 = 1.79.”

Courtesy of Nikolajs Cerps.

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