Curcaçao and Sint Maarten consider a change

Will the Caribbean guilder replace the Netherlands Antillean guilder by 2025? It is the question that is being considered by the Centrale Bank van Curacao in Sint Maarten or the Central Bank of Curacao and Sint Maarten.

The change in the guilder currency is one of the six goals involved in the CBCS Strategic Plan 2025. Specific details of the Strategic Plan were not publicly available at the time this article was written, however, according to the CBCS website, “Technological Advances, Climate Change, and the Events Triggered by the Global COVID-19 Pandemic and Its impact on the economy and the financial sector are causing changes in the scope and complexity of central bank operations and generating new risks that have yet to be identified. As a result, these banks are facing fundamental changes and are challenged to adapt to deal with these new realities.”

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