Caribbean guilder

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Caribbean guilder
Caribische gulden (Dutch)
Symbol CMg, [1] CMƒ, or ƒ[ verification needed ]
Freq. used10, 20, 50, 100, 200 guilder [1]
Coins1, 5, 10, 25, 50 cents;
1, 5 guilder [1]
User(s)proposed in
Flag of Curacao.svg  Curaçao
Flag of Sint Maarten.svg  Sint Maarten
Central bank Central Bank of Curaçao and Sint Maarten (CBCS)
Pegged with U.S. dollar = ƒ1.79

The Caribbean guilder (Dutch : Caribische gulden) is a proposed new currency of Curaçao and Sint Maarten, the Caribbean islands which became "landen" (constituent countries) within the Kingdom of the Netherlands, following the dissolution of the Netherlands Antilles on 10 October 2010. The Caribbean guilder would replace the Antillean guilder at par and be pegged to the U.S. dollar. In November 2020, it was announced that the Caribbean guilder would come into circulation the following year, [2] but it was delayed several times.


In 2018 the finance minister of Sint Maarten stated that there were only two years of reserve Antillean Guilder banknotes remaining and that the islands would need to make a decision soon. [3] The islands also considered adopting the U.S. dollar or Euro. [4]


The Netherlands Antillean guilder continued to circulate after the dissolution of the Netherlands Antilles and plans to implement the Caribbean guilder were not finalized until both countries would agree to have a common currency [5] The new currency will be abbreviated CMg (for Curaçao, Sint Maarten guilder) and will be pegged to the United States dollar at the same exchange rate as the Netherlands Antillean guilder (US$1 = 1.79 NAg = 1.79 CMg). [6] As the BES islands (Bonaire, Sint Eustatius and Saba) adopted the U.S. dollar directly on 1 January 2011, the introduction of the CMg would mean the end of the circulation of the Netherlands Antillean guilder.

In April 2014, Curaçao and Sint Maarten agreed to look into the possibility of Curaçao having its own central bank. As long as further negotiations continued, the Caribbean guilder would not be introduced. [7] In July 2015, the Minister of Finance of Curaçao, José Jardim, stated that research on a monetary union between Curaçao and Sint Maarten was not a priority. [8]

Former Curaçao MP Alex David Rosaria said that a major problem with the proposed union was the lack of a forum to discuss macroeconomic coordination (as there is for the Eastern Caribbean dollar). [9]

In November 2019, Curaçao Minister of Finance Kenneth Gijsbertha confirmed the introduction of the Caribbean guilder in 2021, [10] and the Central Bank officially announced it a year later. [2]

By August 2021, it was reported that the new guilder would have been expected to be launched in either 2023 or 2024. [11] In September 2022, CBCS wanted the guilder introduced in 2024. [12]


The currency is to be issued by the Central Bank of Curaçao and Sint Maarten (the successor of the Bank of the Netherlands Antilles) which is chaired by a chairperson chosen by both islands' prime ministers. The two islands would also appoint six further members of the supervisory board of directors. The currency would be phased in over three months. [1] The 2+12-guilder coin and the 25-guilder notes present in the Netherlands Antillean guilder series would not be issued and 20 and 200 guilder banknotes will be added. [1]

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The Netherlands Antilles was a constituent country of the Kingdom of the Netherlands. The country consisted of several island territories located in the Caribbean Sea. The islands were also informally known as the Dutch Antilles. The country came into being in 1954 as the autonomous successor of the Dutch colony of Curaçao and Dependencies. The Antilles were dissolved in 2010. The Dutch colony of Surinam, although it was relatively close by on the continent of South America, did not become part of the Netherlands Antilles but became a separate autonomous country in 1954. All the island territories that belonged to the Netherlands Antilles remain part of the kingdom today, although the legal status of each differs. As a group they are still commonly called the Dutch Caribbean, regardless of their legal status. People from this former territory continue to be called Antilleans in the Netherlands.

The Netherlands Antilles was an autonomous Caribbean country within the Kingdom of the Netherlands, which was formally dissolved in 2010.

<span class="mw-page-title-main">Guilder</span> Western European currency from the 13th-20th centuries

Guilder is the English translation of the Dutch and German gulden, originally shortened from Middle High German guldin pfenninc "gold penny". This was the term that became current in the southern and western parts of the Holy Roman Empire for the Fiorino d'oro. Hence, the name has often been interchangeable with florin.

<span class="mw-page-title-main">Saint Martin (island)</span> Small island in the Caribbean

Saint Martin is an island in the northeast Caribbean Sea, approximately 300 km (190 mi) east of Puerto Rico. The 87 square kilometres (34 sq mi) island is divided roughly 60:40 between the French Republic and the Kingdom of the Netherlands, but the Dutch part is more populated than the French part. The division dates to 1648. The northern French part comprises the Collectivity of Saint Martin and is an overseas collectivity of the French Republic. As part of France, the French part of the island is also part of the European Union. The southern Dutch part comprises Sint Maarten and is one of four constituent countries that form the Kingdom of the Netherlands.

The guilder or florin was the currency of the Netherlands from the 15th century until 2002, when it was replaced by the euro.

<span class="mw-page-title-main">Netherlands Antillean guilder</span>

The Netherlands Antillean guilder is the currency of Curaçao and Sint Maarten, which until 2010 formed the Netherlands Antilles along with Bonaire, Saba, and Sint Eustatius. It is subdivided into 100 cents. On 1 January 2011, in the islands of Bonaire, Saba and Sint Eustatius, the guilder was replaced by the United States dollar. In Curaçao and Sint Maarten, the Netherlands Antillean guilder was proposed to be replaced by a new currency, the Caribbean guilder, but this was stalled indefinitely by negotiations over the establishment of a separate central bank for Curaçao. In November 2020, the Central Bank announced the introduction of the replacement guilder, which was planned to be implemented in the first half of 2021; however, implementation was delayed several times.

The florin or Aruban guilder is the currency of Aruba. It is subdivided into 100 cents. The florin was introduced in 1986, replacing the Netherlands Antillean guilder at par. The Aruban florin is pegged to the United States dollar at the rate of 1.79 florin per USD. US dollars are frequently accepted as payment at the rate of 1.75 florin per USD.

<span class="mw-page-title-main">Surinamese guilder</span>

The guilder was the currency of Suriname until 2004, when it was replaced by the Surinamese dollar. It was divided into 100 cents. Until the 1940s, the plural in Dutch was cents, with centen appearing on some early paper money, but after the 1940s the Dutch plural became cent.

<span class="mw-page-title-main">Central Bank of Suriname</span> Central Bank of Suriname

The Central Bank of Suriname (CBvS) is Suriname’s highest monetary authority and the country’s governing body in monetary and economic affairs.

<span class="mw-page-title-main">Central Bank of Aruba</span> Central Bank of Aruba

The Central Bank of Aruba is the central bank in Aruba responsible for implementation of monetary policy of the Aruban florin.

<span class="mw-page-title-main">Central Bank of Curaçao and Sint Maarten</span> Central Bank of Curaçao and Sint Maarten

The Central Bank of Curaçao and Sint Maarten is the central bank for the Netherlands Antillean guilder and administers the monetary policy of Curaçao and Sint Maarten. The bank dates to 1828 making it the oldest surviving central bank in the Americas.

<span class="mw-page-title-main">Dissolution of the Netherlands Antilles</span> 2010 dissolution of the autonomous Caribbean country of the Netherlands

The Netherlands Antilles was an autonomous Caribbean country within the Kingdom of the Netherlands. It was dissolved on 10 October 2010.

<span class="mw-page-title-main">Outline of the Netherlands Antilles</span> Overview of and topical guide to the Netherlands Antilles

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<span class="mw-page-title-main">Kingdom of the Netherlands</span> Sovereign state and constitutional monarchy

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<span class="mw-page-title-main">Index of Netherlands Antilles–related articles</span>

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<span class="mw-page-title-main">Caribbean Netherlands</span> Overseas region of the Netherlands

The Caribbean Netherlands are the three public bodies of the Netherlands that are located in the Caribbean Sea. They consist of the islands of Bonaire, Sint Eustatius and Saba, although the term "Caribbean Netherlands" is sometimes used to refer to all of the islands in the Dutch Caribbean. In legislation, the three islands are also known as Bonaire, Sint Eustatius and Saba or the BES islands. The islands are currently classified as public bodies in the Netherlands and as overseas countries and territories of the European Union; thus, EU law does not automatically apply.

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<span class="mw-page-title-main">Dutch Caribbean</span> Parts of the Kingdom of the Netherlands located in the Caribbean

The Dutch Caribbean are the territories, colonies, and countries, former and current, of the Dutch Empire and the Kingdom of the Netherlands in the Caribbean Sea. They are in the north and south-west of the Lesser Antilles archipelago.


  1. 1 2 3 4 5 "FAQ - Central Bank". Central Bank of Curaçao and Sint Maarten. Archived from the original on 26 July 2014. Retrieved 24 February 2014.
  2. 1 2 "Central Bank announces introduction of Caribbean Guilder in 2021". 15 November 2020. Retrieved 8 December 2020.
  3. "Banknotes and coins should soon be replaced". Curaçao Chronicle. 15 February 2016.
  4. "Only two years worth of Antillean guilders left". The Daily Herald. 13 June 2018. Archived from the original on 19 October 2019. Retrieved 13 July 2018.
  5. "Curacao wants its own Central Bank". Curacao Chronicle. Retrieved 2 April 2014.
  6. "Nieuwe Caribische gulden wordt CMg" (in Dutch). 21 October 2010. Archived from the original on 22 January 2018. Retrieved 22 October 2010.
  7. "Onderzoek naar eigen Centrale Bank voor Curacao" (in Dutch). BearingPoint Caribbean. 1 April 2014. Archived from the original on 22 January 2018. Retrieved 31 December 2015.
  8. "Jardim: Research Monetary Union Is Not A Priority". Curaçao Chronicle. 15 July 2015. Retrieved 31 December 2015.
  9. "Dysfunctional Union Curaçao & St. Maarten". Curaçao Chronicle. 2 March 2018.
  10. "Caribbean guilder becomes reality". Curaçao Chronicle. 14 November 2019. Retrieved 8 December 2020.
  11. "Doornbosch: 'Curaçao economy for 80 percent of foreign exchange reserves and Sint Maarten 20 percent'". Curaçao Chronicle. 17 August 2021. Retrieved 10 October 2021.
  12. "CBCS moves ahead with the Introduction of the Caribbean Guilder" (PDF). Centrale Bank van Curaçao en Sint Maarten. 5 September 2022. Retrieved 1 November 2022.