CBCS wants to have the Caribbean guilder introduced by 2025

WILLEMSTAD - The Central Bank of Curaçao and Sint Maarten (CBCS) wants to replace the Netherlands Antillean guilder with the Caribbean guilder by the end of 2025.

CBCS has released the Strategic Plan 2025, in which six goals of the bank are described. One of the goals focuses on replacing the guilder.

According to CBCS, the current guilder is well past its best-due date and the properties of the coins and banknotes are outdated. The bank also says that despite the rise in electronic payments, banknotes and coins are still needed.

 

The Caribbean guilder is (just like now) legally pegged to the US dollar at a rate of 1.79. The plan for the new guilder has been in place since 2010, but has still not been realized due to, among other things, a discussion about the introduction of the dollar on both islands.




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