Curaçao and St. Maarten to introduce common currency this year

More than a decade after the Dutch Caribbean islands of Curaçao and St. Maarten gained autonomy within the Kingdom of the Netherlands, they will introduce a new common currency this year. Currency is introduced. Bank report.

The Caribbean Guilder will be replaced by the Netherlands Antilles Guilder, as mandated by the October 2010 regional constitutional amendment that changed the political status of Curaçao and St. Maarten. Although they have autonomy over their internal affairs, the King of the Netherlands remains the head of state and oversees national defense and foreign affairs. The currency is expected to be issued in the second half of 2024, according to the annual report published by the Central Bank of Curacao and Saint Martin late last year. The new currency includes enhanced security features and wi…