In a growth for the Dutch Caribbean islands of Curaçao and St Maarten, a brand new joint forex is poised to make its debut later this yr, over a decade after they attained autonomous nation standing throughout the Kingdom of the Netherlands.
That is based on a latest financial institution report.
A transition lengthy awaited
The forthcoming forex, referred to as the Caribbean guilder, will exchange the Netherlands-Antillean guilder.
This transition was set in movement by a regional constitutional reform in October 2010, which considerably altered the political panorama of Curaçao and St. Maarten.
Scheduled for the second half of 2024
Based on an annual report revealed by the Central Financial institution of Curaçao and St Maarten late final yr, the eagerly anticipated Caribbean guilder is slated to be launched within the second half of 2024.
Enhanced security measures
The brand new forex is predicted to come back geared up with superior security measures, promising the next degree of safety in opposition to counterfeiting and fraud. In a transition interval following its introduction, the Caribbean guilder will coexist alongside the present forex for 3 months, facilitating a seamless transition for the islands’ residents.
Residents in each islands will be capable to trade the present Netherlands-Antillean guilder for the brand new forex for a interval of 30 years at an equal price.
