Caribbean guilder

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Template:Short description Template:DMCA

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Caribbean guilder
Template:Native name list
Page Template:Nobold/styles.css has no content.Cg
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BanknoteCoins
ISO 4217
CodeTemplate:ISO 4217/code (numeric: Template:ISO 4217/code-to-number)
SubunitTemplate:ISO 4217/code-minor-unit
Unit
Pluralguilders
Denominations
Subunit
Page Template:Nobold/styles.css has no content. Page Template:Fraction/styles.css has no content.1⁄100cent
Plural
Page Template:Nobold/styles.css has no content. centcents
Symbol
Page Template:Nobold/styles.css has no content. centc
Banknotes10Cg, 20Cg, 50Cg, 100Cg, 200Cg
Coins1c, 5c, 10c, 25c, 50c, 1Cg, 5Cg
Demographics
Date of introductionScript error: No such module "Date time".[1]
ReplacedNetherlands Antillean guilder
User(s)Curaçao
Sint Maarten
Issuance
Central bankCentral Bank of Curaçao and Sint Maarten (CBCS)
Page Template:Nobold/styles.css has no content. Websitewww.centralbank.cw
PrinterCrane Currency
Page Template:Nobold/styles.css has no content. Websitewww.cranecurrency.com
MintRoyal Canadian Mint
Page Template:Nobold/styles.css has no content. Websitewww.mint.ca
Valuation
Pegged withU.S. dollar = 1.79 XCG
Exchange rate Euro: https://caribischegulden.nl/

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The Caribbean guilder (code: XCG;[1] abbreviation: Cg; Template:Langx; Template:Langx) is the currency of Curaçao and Sint Maarten, two constituent countries of the Kingdom of the Netherlands. It is divided into 100 cents (Template:Langx). 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.

Naming

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]

History

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.

Organisation

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

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 Page Template:Fraction/styles.css has no content.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]

Coins

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 [nl] 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, Script error: No such module "Lang". 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.

Banknotes

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]

Banknotes of the Caribbean guilder (2025 issue)
Image Value Dimensions Main colour Description Date of
Obverse Reverse Obverse Reverse printing issue
[1] 10Cg 147 × 66  mm Yellow[27] Gray angelfish, queen conch Lighthouse on Klein Curaçao 31 March 2025
[2] 20Cg Blue[28] Spotted eagle ray, yellow cowry Simpson Bay Lagoon
[3] 50Cg Green[29] Green sea turtle, favoured tellin [nl] Grote Knip beach
[4] 100Cg Red[30] Stoplight parrotfish, music volute Courthouse of Sint Maarten
[5] 200Cg Purple[31] Longsnout seahorse, giant tun shell Queen Emma Bridge
These images are to scale at 0.7 pixel per millimetre (18 pixel per inch). For table standards, see the banknote specification table.

References

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  1. ^ a b c d e f g Page Module:Citation/CS1/styles.css has no content."Frequently Asked Questions". Willemstad: Central Bank of Curaçao and Sint Maarten. 6 June 2024. Archived from the original on 13 May 2025. Retrieved 11 June 2024.
  2. ^ Page Module:Citation/CS1/styles.css has no content."Caribbean Guilder Officially Legal Tender in Curaçao and Sint Maarten" (PDF) (Press release). Willemstad: Central Bank of Curaçao and Sint Maarten. 31 March 2025. Retrieved 1 April 2025.
  3. ^ a b Page Module:Citation/CS1/styles.css has no content."Central Bank announces introduction of Caribbean Guilder in 2021". StMaartenNews.com. 15 November 2020. Retrieved 8 December 2020.
  4. ^ Page Module:Citation/CS1/styles.css has no content."ISO 4217 AMENDMENT NUMBER 176" (PDF). SIX Financial Information AG. 6 December 2023. Retrieved 13 February 2025.
  5. ^ Page Module:Citation/CS1/styles.css has no content."Official abbreviation for Caribbean Guilder announced". Curaçao Chronicle. Willemstad. 30 May 2023. Retrieved 28 November 2023.
  6. ^ Page Module:Citation/CS1/styles.css has no content."Curacao wants its own Central Bank". Curacao Chronicle. Archived from the original on 7 December 2014. Retrieved 2 April 2014.
  7. ^ Page Module:Citation/CS1/styles.css has no content."Nieuwe Caribische gulden wordt CMg" (in Dutch). persbureaucuracao.com. 21 October 2010. Archived from the original on 22 January 2018. Retrieved 22 October 2010.{{cite web}}: CS1 maint: unrecognized language (link)
  8. ^ Page Module:Citation/CS1/styles.css has no content."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.{{cite web}}: CS1 maint: unrecognized language (link)
  9. ^ Page Module:Citation/CS1/styles.css has no content."Jardim: Research Monetary Union Is Not A Priority". Curaçao Chronicle. 15 July 2015. Archived from the original on 22 January 2018. Retrieved 31 December 2015.
  10. ^ Page Module:Citation/CS1/styles.css has no content."Dysfunctional Union Curaçao & St. Maarten". Curaçao Chronicle. 2 March 2018. Archived from the original on 28 May 2022. Retrieved 13 July 2018.
  11. ^ Page Module:Citation/CS1/styles.css has no content."Banknotes and coins should soon be replaced". Curaçao Chronicle. 15 February 2016. Archived from the original on 14 March 2022. Retrieved 22 January 2018.
  12. ^ Page Module:Citation/CS1/styles.css has no content."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.
  13. ^ Page Module:Citation/CS1/styles.css has no content."Caribbean guilder becomes reality". Curaçao Chronicle. 14 November 2019. Retrieved 8 December 2020.
  14. ^ Page Module:Citation/CS1/styles.css has no content."Doornbosch: 'Curaçao economy for 80 percent of foreign exchange reserves and Sint Maarten 20 percent'". Curaçao Chronicle. 17 August 2021. Retrieved 10 October 2021.
  15. ^ Page Module:Citation/CS1/styles.css has no content."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.
  16. ^ Page Module:Citation/CS1/styles.css has no content."Introduction of Caribbean Guilder delayed again, possibly pushed to 2025". Curaçao Chronicle. 13 July 2023. Retrieved 20 September 2023.
  17. ^ a b Page Module:Citation/CS1/styles.css has no content."FAQ - Central Bank". Central Bank of Curaçao and Sint Maarten. Archived from the original on 26 July 2014. Retrieved 24 February 2014.
  18. ^ Page Module:Citation/CS1/styles.css has no content."Crane Currency and the Royal Canadian Mint to Supply Caribbean Guilder Currency" (PDF) (Press release). Willemstad: Central Bank of Curaçao and Sint Maarten. 26 April 2023. Retrieved 28 November 2023.
  19. ^ Page Module:Citation/CS1/styles.css has no content."No public participation in Caribbean Guilder design". Curaçao Chronicle. Willemstad. 21 August 2023. Retrieved 28 November 2023.
  20. ^ Page Module:Citation/CS1/styles.css has no content."Caribbean Guilder Awareness Campaign to Start July 1" (PDF) (Press release). Willemstad: Central Bank of Curaçao and Sint Maarten. 28 June 2024. Retrieved 6 August 2024.
  21. ^ a b c Page Module:Citation/CS1/styles.css has no content."Design of Caribbean Guilder Revealed" (PDF) (Press release). Willemstad: Central Bank of Curaçao and Sint Maarten. 22 August 2024. Retrieved 23 August 2024.
  22. ^ Page Module:Citation/CS1/styles.css has no content."Approval of one and five guilder coins marks progress in Caribbean Guilder design phase". Curaçao Chronicle. Willemstad. 23 February 2024. Retrieved 11 June 2024.
  23. ^ Page Module:Citation/CS1/styles.css has no content."Monetary System" (PDF). Central Bank of Curaçao and Sint Maarten. 10 March 2023. Retrieved 11 June 2024.
  24. ^ Page Module:Citation/CS1/styles.css has no content."Coins Curaçao". Centrale Bank van Curaçao en Sint Maarten. 2024. Retrieved 23 August 2024.
  25. ^ Page Module:Citation/CS1/styles.css has no content.Alexander, Michael (6 September 2024). "Curacao & St Maarten: Central Bank Unveils Designs For New Caribbean Guilder Circulation Coinage". Greysheet. Retrieved 6 April 2025.
  26. ^ Page Module:Citation/CS1/styles.css has no content."New Milestone Caribbean guilder Cg10 and Cg20 Fresh off the Press" (PDF) (Press release). Willemstad: Central Bank of Curaçao and Sint Maarten. 7 June 2024. Retrieved 6 August 2024.
  27. ^ Page Module:Citation/CS1/styles.css has no content."Ten Caribbean Guilder". Centrale Bank van Curaçao en Sint Maarten. 2024. Retrieved 23 August 2024.
  28. ^ Page Module:Citation/CS1/styles.css has no content."Twenty Caribbean Guilder". Centrale Bank van Curaçao en Sint Maarten. 2024. Retrieved 23 August 2024.
  29. ^ Page Module:Citation/CS1/styles.css has no content."Fifty Caribbean Guilder". Centrale Bank van Curaçao en Sint Maarten. 2024. Retrieved 23 August 2024.
  30. ^ Page Module:Citation/CS1/styles.css has no content."Hundred Caribbean Guilder". Centrale Bank van Curaçao en Sint Maarten. 2024. Retrieved 23 August 2024.
  31. ^ Page Module:Citation/CS1/styles.css has no content."Two Hundred Caribbean Guilder". Centrale Bank van Curaçao en Sint Maarten. 2024. Retrieved 23 August 2024.

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