WILLEMSTAD - The Curaçao Business Association (VBC) has recently made a statement regarding the discussion surrounding the introduction of the Caribbean guilder and dollarization. According to the interest group, these two topics should be viewed as separate issues. The VBC is surprised that the discussion about dollarization has resurfaced, particularly in light of the recent presentation by the central bank in parliament regarding the introduction of the Caribbean guilder in the middle of next year.
The VBC believes that the Caribbean guilder should be seen as a simple name change and advocates for a good information campaign on this theme. The government must ensure that people do not misuse the introduction of the new currency. The association suggests that Curaçao should follow the example set by Aruba when it introduced the Aruban florin in 1986. The introduction went smoothly, and the cost of living remained stable while the economy did not collapse.
It is essential to recognize that the introduction of a new currency can have significant implications for an economy. However, the VBC believes that a well-informed public can prevent any negative impacts. The association emphasizes the need for an extensive information campaign to educate the public on the benefits and potential drawbacks of the new currency.
The VBC's statement is particularly relevant given the recent discussions surrounding dollarization. Some members of the public have expressed concern that dollarization could lead to inflation and a decrease in the value of the local currency. However, the VBC believes that the introduction of the Caribbean guilder is not the same as dollarization and should be viewed as a distinct issue.