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The ”’Caribbean guilder”’ ([[ISO 4217|code]]: ”’XCG”’;<ref name=”FAQ2″>{{Cite web |date=6 June 2024 |title=Frequently Asked Questions |url=https://exch.centralbank.cw/functions/banknotes-coins/caribbean-guilder/frequently-asked-questions |access-date=11 June 2024 |publisher=[[Central Bank of Curaçao and Sint Maarten]] |location=Willemstad |archive-date=13 May 2025 |archive-url=https://web.archive.org/web/20250513085409/https://exch.centralbank.cw/functions/banknotes-coins/caribbean-guilder/frequently-asked-questions |url-status=dead }}</ref> abbreviation: ”’Cg”’; {{langx|nl|Caribische gulden}}; {{langx|pap|florin karibense}}) is the currency of [[Curaçao]] and [[Sint Maarten]], two constituent countries of the [[Kingdom of the Netherlands]]. It is divided into 100 [[Cent (currency)|cents]] ({{langx|pap|sèn}}). Introduced on 31 March 2025, it replaced the [[Netherlands Antillean guilder]] (ANG), which ceased to be legal tender on 1 July 2025 after a period of co-circulation.<ref>{{Cite press release|url=https://cdn.centralbank.cw/media/press_releases_2025/20250330_pb2025_008_caribbean_guilder_legal_tender_en.pdf|title=Caribbean Guilder Officially Legal Tender in Curaçao and Sint Maarten|date=31 March 2025|location=Willemstad|publisher=[[Central Bank of Curaçao and Sint Maarten]]|access-date=1 April 2025}}</ref> |
The ”’Caribbean guilder”’ ([[ISO 4217|code]]: ”’XCG”’;<ref name=”FAQ2″>{{Cite web |date=6 June 2024 |title=Frequently Asked Questions |url=https://exch.centralbank.cw/functions/banknotes-coins/caribbean-guilder/frequently-asked-questions |access-date=11 June 2024 |publisher=[[Central Bank of Curaçao and Sint Maarten]] |location=Willemstad |archive-date=13 May 2025 |archive-url=https://web.archive.org/web/20250513085409/https://exch.centralbank.cw/functions/banknotes-coins/caribbean-guilder/frequently-asked-questions |url-status=dead }}</ref> abbreviation: ”’Cg”’; {{langx|nl|Caribische gulden}}; {{langx|pap|florin karibense}}) is the currency of [[Curaçao]] and [[Sint Maarten]], two constituent countries of the [[Kingdom of the Netherlands]]. It is divided into 100 [[Cent (currency)|cents]] ({{langx|pap|sèn}}). Introduced on 31 March 2025, it replaced the [[Netherlands Antillean guilder]] (ANG), which ceased to be legal tender on 1 July 2025 after a period of co-circulation.<ref>{{Cite press release|url=https://cdn.centralbank.cw/media/press_releases_2025/20250330_pb2025_008_caribbean_guilder_legal_tender_en.pdf|title=Caribbean Guilder Officially Legal Tender in Curaçao and Sint Maarten|date=31 March 2025|location=Willemstad|publisher=[[Central Bank of Curaçao and Sint Maarten]]|access-date=1 April 2025}}</ref> |
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In November |
In November , it was announced that the Caribbean guilder would come into circulation the following year,<ref name=stmaarten>{{cite news |title=Central Bank announces introduction of Caribbean Guilder in 2021 |url=https://stmaartennews.com/news/central-bank-announces-introduction-of-caribbean-guilder-in-2021/ |access-date=8 December 2020 |work=StMaartenNews.com |date=15 November 2020}}</ref> but it was delayed several times. The cost of the design and production of the Caribbean guilder was approximately 15 million ANG.<ref name=”FAQ2″ /> ANG is exchangeable at par at commercial banks for the new currency for one year following introduction, and thereafter for 29 years at the [[Central Bank of Curaçao and Sint Maarten]]. |
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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.<ref>{{cite web |author= |url=http://www.bearingpointcaribbean.com/onderzoek-naar-eigen-centrale-bank-voor-curacao/ |title=Onderzoek naar eigen Centrale Bank voor Curacao |language=Dutch |publisher=BearingPoint Caribbean |date=1 April 2014 |access-date=31 December 2015 |archive-url=https://web.archive.org/web/20180122125725/http://www.bearingpointcaribbean.com/onderzoek-naar-eigen-centrale-bank-voor-curacao/ |archive-date=22 January 2018 }}</ref> 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.<ref>{{cite news |author= |url=http://curacaochronicle.com/main/jardim-research-monetary-union-is-not-a-priority/ |title=Jardim: Research Monetary Union Is Not A Priority |work=Curaçao Chronicle |date=15 July 2015 |access-date=31 December 2015 |archive-date=22 January 2018 |archive-url=https://web.archive.org/web/20180122125841/http://curacaochronicle.com/main/jardim-research-monetary-union-is-not-a-priority/ |url-status=dead }}</ref> 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]]).<ref>{{cite news |url=http://curacaochronicle.com/columns/dysfunctional-union-curacao-st-maarten/ |title=Dysfunctional Union Curaçao & St. Maarten |work=Curaçao Chronicle |date=2 March 2018 |archive-date=28 May 2022 |access-date=13 July 2018 |archive-url=https://web.archive.org/web/20220528130032/http://curacaochronicle.com/columns/dysfunctional-union-curacao-st-maarten/ |url-status=dead }}</ref> |
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.<ref>{{cite web |author= |url=http://www.bearingpointcaribbean.com/onderzoek-naar-eigen-centrale-bank-voor-curacao/ |title=Onderzoek naar eigen Centrale Bank voor Curacao |language=Dutch |publisher=BearingPoint Caribbean |date=1 April 2014 |access-date=31 December 2015 |archive-url=https://web.archive.org/web/20180122125725/http://www.bearingpointcaribbean.com/onderzoek-naar-eigen-centrale-bank-voor-curacao/ |archive-date=22 January 2018 }}</ref> 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.<ref>{{cite news |author= |url=http://curacaochronicle.com/main/jardim-research-monetary-union-is-not-a-priority/ |title=Jardim: Research Monetary Union Is Not A Priority |work=Curaçao Chronicle |date=15 July 2015 |access-date=31 December 2015 |archive-date=22 January 2018 |archive-url=https://web.archive.org/web/20180122125841/http://curacaochronicle.com/main/jardim-research-monetary-union-is-not-a-priority/ |url-status=dead }}</ref> 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]]).<ref>{{cite news |url=http://curacaochronicle.com/columns/dysfunctional-union-curacao-st-maarten/ |title=Dysfunctional Union Curaçao & St. Maarten |work=Curaçao Chronicle |date=2 March 2018 |archive-date=28 May 2022 |access-date=13 July 2018 |archive-url=https://web.archive.org/web/20220528130032/http://curacaochronicle.com/columns/dysfunctional-union-curacao-st-maarten/ |url-status=dead }}</ref> |
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In |
In , 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.<ref>{{cite news |url=http://curacaochronicle.com/economy/banknotes-and-coins-should-soon-be-replaced/ |title=Banknotes and coins should soon be replaced |work=Curaçao Chronicle |date=15 February 2016 |archive-date=14 March 2022 |access-date=22 January 2018 |archive-url=https://web.archive.org/web/20220314065351/http://curacaochronicle.com/economy/banknotes-and-coins-should-soon-be-replaced/ |url-status=dead }}</ref> The islands also considered adopting the U.S. dollar or [[euro]].<ref>{{cite news |url=https://www.thedailyherald.sx/islands/77595-only-two-years-worth-of-antillean-guilders-left |title=Only two years worth of Antillean guilders left |work=The Daily Herald |date=13 June 2018 |access-date=13 July 2018 |archive-date=19 October 2019 |archive-url=https://web.archive.org/web/20191019031147/https://www.thedailyherald.sx/islands/77595-only-two-years-worth-of-antillean-guilders-left }}</ref> |
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In November 2019, Curaçao Minister of Finance Kenneth Gijsbertha confirmed the introduction of the Caribbean guilder in 2021,<ref>{{cite news |title=Caribbean guilder becomes reality |url=https://www.curacaochronicle.com/post/local/caribbean-guilder-becomes-reality/ |access-date=8 December 2020 |work=Curaçao Chronicle |date=14 November 2019}}</ref> and the Central Bank officially announced it a year later.<ref name=stmaarten/> By August 2021, it was reported that the new guilder would have expected a launch in either 2023 or 2024.<ref>{{cite news |url=https://www.curacaochronicle.com/post/local/doornbosch-curacao-economy-for-80-percent-of-foreign-exchange-reserves-and-sint-maarten-20-percent/ |title=Doornbosch: ‘Curaçao economy for 80 percent of foreign exchange reserves and Sint Maarten 20 percent’ |access-date=10 October 2021 |work=Curaçao Chronicle |date=17 August 2021}}</ref> In September 2022, CBCS wanted the guilder introduced in 2024.<ref>{{cite news |title=CBCS moves ahead with the Introduction of the Caribbean Guilder |url=https://cdn.centralbank.cw/media/press_releases_2022/20220905_pb2022_033_cbcs_continues_project_cmg_en.pdf |access-date=1 November 2022 |work=Centrale Bank van Curaçao en Sint Maarten |date=5 September 2022}}</ref> Then by July 2023, that was postponed to 2025 at the latest.<ref>{{cite news |title=Introduction of Caribbean Guilder delayed again, possibly pushed to 2025 |url=https://www.curacaochronicle.com/post/local/introduction-of-caribbean-guilder-delayed-again-possibly-pushed-to-2025/ |access-date=20 September 2023 |work=Curaçao Chronicle |date=13 July 2023}}</ref> The currency was eventually introduced in March 2025. |
In November 2019, Curaçao Minister of Finance Kenneth Gijsbertha confirmed the introduction of the Caribbean guilder in 2021,<ref>{{cite news |title=Caribbean guilder becomes reality |url=https://www.curacaochronicle.com/post/local/caribbean-guilder-becomes-reality/ |access-date=8 December 2020 |work=Curaçao Chronicle |date=14 November 2019}}</ref> and the Central Bank officially announced it a year later.<ref name=stmaarten/> By August 2021, it was reported that the new guilder would have expected a launch in either 2023 or 2024.<ref>{{cite news |url=https://www.curacaochronicle.com/post/local/doornbosch-curacao-economy-for-80-percent-of-foreign-exchange-reserves-and-sint-maarten-20-percent/ |title=Doornbosch: ‘Curaçao economy for 80 percent of foreign exchange reserves and Sint Maarten 20 percent’ |access-date=10 October 2021 |work=Curaçao Chronicle |date=17 August 2021}}</ref> In September 2022, CBCS wanted the guilder introduced in 2024.<ref>{{cite news |title=CBCS moves ahead with the Introduction of the Caribbean Guilder |url=https://cdn.centralbank.cw/media/press_releases_2022/20220905_pb2022_033_cbcs_continues_project_cmg_en.pdf |access-date=1 November 2022 |work=Centrale Bank van Curaçao en Sint Maarten |date=5 September 2022}}</ref> Then by July 2023, that was postponed to 2025 at the latest.<ref>{{cite news |title=Introduction of Caribbean Guilder delayed again, possibly pushed to 2025 |url=https://www.curacaochronicle.com/post/local/introduction-of-caribbean-guilder-delayed-again-possibly-pushed-to-2025/ |access-date=20 September 2023 |work=Curaçao Chronicle |date=13 July 2023}}</ref> The currency was eventually introduced in March 2025. |
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Latest revision as of 21:15, 11 December 2025
Currency of Curaçao and Sint Maarten
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Cg |
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|---|---|---|---|---|---|
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| Code | XCG | ||||
| Plural | guilders | ||||
| Subunit | |||||
| 1⁄100 | cent | ||||
| Plural | |||||
| cent | cents | ||||
| Symbol | |||||
| cent | c | ||||
| Banknotes | 10Cg, 20Cg, 50Cg, 100Cg, 200Cg | ||||
| Coins | 1c, 5c, 10c, 25c, 50c, 1Cg, 5Cg | ||||
| Date of introduction | 31 March 2025 (2025-03-31)[1] | ||||
| Replaced | Netherlands Antillean guilder | ||||
| User(s) | Curaçao Sint Maarten |
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| Central bank | Central Bank of Curaçao and Sint Maarten (CBCS) | ||||
| Website | www |
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| Printer | Crane Currency | ||||
| Website | www |
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| Mint | Royal Canadian Mint | ||||
| Website | www |
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| Pegged with | U.S. dollar = 1.79 XCG | ||||
The Caribbean guilder (code: XCG;[1] abbreviation: Cg; Dutch: Caribische gulden; Papiamento: florin karibense) is the currency of Curaçao and Sint Maarten, two constituent countries of the Kingdom of the Netherlands. It is divided into 100 cents (Papiamento: sèn). Introduced on 31 March 2025, it replaced the Netherlands Antillean guilder (ANG), which ceased to be legal tender on 1 July 2025 after a period of co-circulation.[2]
In November 2022, it was announced that the Caribbean guilder would come into circulation the following year,[3] but it was delayed several times. The cost of the design and production of the Caribbean guilder was approximately 15 million ANG.[1] ANG is exchangeable at par at commercial banks for the new currency for one year following introduction, and thereafter for 29 years at the Central Bank of Curaçao and Sint Maarten.
The Caribbean guilder uses the ISO 4217 code of XCG, with the initial X used for supranational currencies,[1] and retains the supplanted Netherlands Antillean guilder’s (ANG) numeric code of 532.[4] The Central Bank of Curaçao and Sint Maarten has announced its official abbreviation as Cg.[1][5]
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[6] At the time, it was reported that the new currency would be abbreviated CMg (for Curaçao, Sint Maarten guilder) and would 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).[7] 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 have meant 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.[8] 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.[9] 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).[10]
In 2019, 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.[11] The islands also considered adopting the U.S. dollar or euro.[12]
In November 2019, Curaçao Minister of Finance Kenneth Gijsbertha confirmed the introduction of the Caribbean guilder in 2021,[13] and the Central Bank officially announced it a year later.[3] By August 2021, it was reported that the new guilder would have expected a launch in either 2023 or 2024.[14] In September 2022, CBCS wanted the guilder introduced in 2024.[15] Then by July 2023, that was postponed to 2025 at the latest.[16] The currency was eventually introduced in March 2025.
The currency is issued by the Central Bank of Curaçao and Sint Maarten, 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 was phased in completely by August 2025.[17]
Coins and banknotes
[edit]
The Caribbean guilder has coins minted by the Royal Canadian Mint in the following denominations: 5 guilders, 1 guilder, 50 cents, 25 cents, 10 cents, 5 cents, and 1 cent.[1][18] Banknotes are printed by Crane Currency and made of cotton like the Antillean guilder but more durable, with denominations of 200 guilders, 100 guilders, 50 guilders, 20 guilders, and 10 guilders.[1] The 2+1⁄2-guilder coin and the 25-guilder notes present in the Netherlands Antillean guilder series are not issued and 20 and 200 guilder banknotes are added.[17] To deter counterfeiting, there was no public design competition for the currency.[19] The designs for all coins and banknotes were unveiled on 22 August 2024 and depict marine life.[20][21]
In February 2024, it was reported that the designs for the one-guilder and five-guilder coins had been approved.[22] There are slight variations in the designs for Curaçao and Sint Maarten, with coins circulating interchangeably.[21]
| Coins of the Caribbean guilder[23][24][25] | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Technical parameters | Description | Date of | ||||||||
| Obverse | Reverse | Diameter | Thickness | Mass | Composition | Edge | Obverse | Reverse | first minting | issue | ||
| 1c | 15 mm | ? | 1.5 gk | Nickel-plated steel | Milled | Orange blossom, name of country | Value, favoured tellin shells, pearls, year of issuance | 2025 | 31 March 2025 | |||
| 5c | 16.75 mm | ? | 2.42 g | Smooth with scallops | ||||||||
| 10c | 18.25 mm | ? | 2.9 g | Intermittent smooth and milled | ||||||||
| 25c | 20 mm | ? | 3.65 g | Smooth with seven indents | ||||||||
| 50c | 22.25 mm | ? | 4.45 g | Smooth, 11-sided | ||||||||
| 1Cg | 28 mm | ? | 7.2 g | Bi-metallic | Smooth, God zij met ons | King Willem-Alexander | Outline of Curaçao or coat of arms of Sint Maarten, name of country, value, year, green sea turtles | |||||
| 5Cg | 25.85 mm | ? | 8.6 g | |||||||||
| These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table. | ||||||||||||
In June 2024, it was reported that all banknote designs had been approved and the first banknotes had been printed.[26] The obverse of the banknotes feature marine life while the reverse features landmarks from the two island countries.[21]
