WILLEMSTAD – Finance Minister Javier Silvania has hailed the introduction of the new joint currency, the Caribbean guilder (CMg), as a historic moment symbolizing trust, cooperation, and national identity. "This is not just a technical replacement of banknotes but a new chapter in our monetary history," Silvania stated during the launch ceremony. 

According to the minister, the new currency underscores the bond between Curaçao and Sint Maarten and reflects confidence in their shared future within the monetary union. 

A Collaborative Effort 

Silvania expressed special gratitude to the Central Bank of Curaçao and Sint Maarten (CBCS) for leading the transition process. He praised the team that worked for years on preparations—from designing and producing the banknotes to adapting ATMs and running a public awareness campaign. 

Modern, Secure, and Symbolic 

The Caribbean guilder, Silvania emphasized, is modern, secure, and flexible. The banknotes feature advanced anti-counterfeiting technology to reduce fraud risks and strengthen trust in the financial system. "A national currency speaks volumes about a country’s identity and autonomy," he noted. 

He called the joint rollout by both nations particularly significant: "At a time when global cooperation is under strain, it is commendable that our countries have taken this step together." 

No Financial Impact, But Vigilance Urged 

The minister assured that the transition carries no financial consequences—the Caribbean guilder’s value remains 1:1 with the former Netherlands Antillean guilder. However, he warned businesses against exploiting the change to raise prices and urged the Ministry of Economic Development and consumer groups to monitor the process closely. 

A Push for Financial Literacy 

Silvania also called on the CBCS to use this milestone to promote financial education, ensuring the public understands the new currency’s features and benefits. 

Concluding his speech, he declared: "The Caribbean guilder is more than just a means of payment—it is a promise of stability, transparency, and trust in a sustainable future." 

The new banknotes will circulate alongside existing ones until a full phase-out is completed.