Central Bank of Curaçao and St. Maarten

Now that the Netherlands Antilles has been disolved on the 10th of October and Curaçao and St. Maarten have thereafter formed a monetary union, the Bank of the Netherlands Antilles has become the Central Bank of Curaçao and St. Maarten, and also the successor of the bank.

The communal currency is the Caribbean guilder (CMg).
Just like the Netherlands Antillean guilder (NAf), the Caribbean guilder is coupled to the American dollar against a rate of US$ 1 = CMg 1.79. The Caribbean guilder is not a legal currency yet because the banknotes and coins still have to be designed and printed respectively struck. This process has already begun but will take approximately one and a half year.
Therefore, the Central Bank expects to circulate the new banknotes and coins on a date to be determined later in 2012.
The Netherlands Antillean guilder will be taken out of circulation within three months after the Caribbean guilder has been put into circulation. Until then the Netherlands Antillean guilder will remain the legal currency.
Therefore, both the Netherlands Antillean guilder and the Caribbean guilder will be considered legal currency during that period. Subsequently, the Caribbean guilder will be the only legal currency on Curaçao and St. Maarten.
From the moment the Caribbean guilder is circulated, the Netherlands Antillean guilders can be exchanged against Caribbean guilders during a period of 30 years with the Central Bank of Curaçao and St. Maarten against a one-to-one ratio. Furthermore, the giral payments and bank balances in Netherlands Antillean guilders will remain up to the moment of the circulation of the Caribbean guilder.
The American dollar will become the legal currency on Bonaire, St. Eustatius and Saba on January 1st 2011. The Netherlands Antillean guilder will remain the legal currency on these islands until that date.

21 October 2010

 

Curacao Immigration card goes fully digital

WILLEMSTAD – The Curaçao Tourist Board (CTB) is collaborating with the Government of Curaçao and Curaçao International Airport to switch fully to an online immigration card in a continuing effort to simplify travel to Curaçao.

Motion to transfer management law enforcement to The Hague

THE HAGUE–Separating management of and authority for of law enforcement in St. Maarten, and seeing if the Netherlands could take over this task for a period of five years to strengthen this sector, was the essence of a motion filed by Member of the Second Chamber of the Dutch Parliament Chris van Dam of the Christian Democratic Party CDA during the handling of the draft 2020 budget for Kingdom Relations in the Second Chamber last week Thursday.

Balie vestiging Curaçao weer normaal geopend

WILLEMSTAD - De balie (Front Office) van de vestiging Curaçao van het Hof van Justitie is vandaag weer op de normale tijden bereikbaar. De administratie afdeling (Back Office) is vanaf 13:00 uur weer beschikbaar.