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Curaçao and Sint Maarten intended to replace their currency, ceasing production thereof, but as of December 2020, these territories still use the Antillean guilder. Current banknotes and coins now require replacement, [ 7 ] and only two years of Antilles guilder physical currency remaining for use.
The official currency of Saint Martin is the euro, while Sint Maarten uses the Netherlands Antillean guilder, pegged at 1.79 per US dollar. As a consequence of the dissolution of the Netherlands Antilles , the Netherlands Antillean guilder will cease to be legal tender and be replaced by the Caribbean guilder , which was scheduled for ...
The currency will be introduced in the second half of 2024, according to an annual report that the Central Bank of Curacao and St. Maarten released late last year.
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 [4] 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 ...
Currency ISO 4217 Code Central bank Peg Anguilla: East Caribbean dollar: XCD: Eastern Caribbean Central Bank: 2.70 XCD = 1.00 USD Antigua and Barbuda Dominica Grenada Montserrat Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Aruba: Aruban florin: AWG: Central Bank of Aruba: 1.79 AWG = 1.00 USD Bahamas: Bahamian dollar: BSD
Most use the currency of their administrating country; this List of currencies used in dependent territory details their use of currency. Most of these banknotes are pledged with their parent currencies (i.e. Gibraltar pound is pledged with Pound Starling).
As a part of France, the official currency of Saint Martin is the euro, [6] though the US dollar is also widely accepted. Tourism is the main economic activity – with over one million visitors annually some 85% of the population is employed in this sector. [6] The other major sector is the financial services industry. [6]
Barbados withdrew from the currency union in 1972, following which the ECCA headquarters were moved to St. Kitts. [6] Between 1965 and 1983, the Eastern Caribbean Currency Authority issued the EC$, with banknotes from 1965 and coins from 1981.