Caribbean guilder

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.

Caribbean guilder
Caribische gulden (Dutch)
SymbolCMg,[1] CMƒ, or ƒ
Freq. used10, 20, 50, 100, 200 guilder[1]
Coins1, 5, 10, 25, 50 cents;
1, 5 guilder[1]
User(s)proposed in
 Sint Maarten
since 2024
Central bankCentral Bank of Curaçao and Sint Maarten (CBCS)
Pegged withU.S. dollar = ƒ1.79

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]


  1. "FAQ - Central Bank". Central Bank of Curaçao and Sint Maarten. Archived from the original on 26 July 2014. Retrieved 24 February 2014.
  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.
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