Current:Home > FinanceCuracao and St. Maarten to welcome new currency more than a decade after becoming autonomous-DB Wealth Institute B2 Expert Reviews
Curacao and St. Maarten to welcome new currency more than a decade after becoming autonomous
View Date:2024-12-24 00:16:11
SAN JUAN, Puerto Rico (AP) — A new joint currency will be launched this year for the Dutch Caribbean islands of Curacao and St. Maarten more than a decade after they became autonomous countries within the Kingdom of the Netherlands, according to a recent bank report.
The Caribbean guilder will replace the Netherlands-Antillean guilder as mandated by a regional constitutional reform in October 2010 that changed the political status of Curacao and St. Maarten.
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 new currency will contain improved security features and will circulate alongside the current currency for three months after its introduction, the bank stated.
Residents in both islands will be able to exchange the current Netherlands-Antillean guilder for the new currency for a period of 30 years at an equal rate.
veryGood! (394)
Related
- Video shows Starlink satellite that resembled fireball breaking up over the Southwest: Watch
- Spanish police arrest 14 airport workers after items go missing from checked-in suitcases
- Money. Power. Women. The driving forces behind fantasy football's skyrocketing popularity.
- Shipping companies announce crucial deadlines for holiday shipping: Time is running out
- Georgia House Republicans stick with leadership team for the next two years
- US homelessness up 12% to highest reported level as rents soar and coronavirus pandemic aid lapses
- Minnesota edges close to picking new state flag to replace design offensive to Native Americans
- Dog respiratory illness cases confirmed in Nevada, Pennsylvania. See map of impacted states.
- What Happened to Kevin Costner’s Yellowstone Character? John Dutton’s Fate Revealed
- Money. Power. Women. The driving forces behind fantasy football's skyrocketing popularity.
Ranking
- Medical King recalls 222,000 adult bed assistance rails after one reported death
- How Jonathan Scott and Zooey Deschanel Are Blocking Out the BS Amid Wedding Planning Process
- Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession
- A cardinal and 9 others will learn their fate in a Vatican financial trial after 2 years of hearings
- GM recalls 460k cars for rear wheel lock-up: Affected models include Chevrolet, GMC, Cadillac
- Heidi Montag Makes Dig at Ozempic Users After 22-Pound Weight Loss
- The $10 billion charity no one has heard of
- A Tesla driver to pay $23K in restitution for a 2019 Los Angeles crash that killed 2 people
Recommendation
-
Homes of Patrick Mahomes, Travis Kelce burglarized, per reports
-
Tipping fatigue exists, but come on, it’s the holidays: Here’s how much to tip, more to know
-
Departing North Carolina Auditor Beth Wood pleads guilty to misusing state vehicle, gets probation
-
Anthony Anderson set to host strike-delayed Emmys ceremony on Fox
-
Biden EPA to charge first-ever ‘methane fee’ for drilling waste by oil and gas companies
-
Wildlife conservation groups sue over lack of plan for railroad to reduce grizzly deaths in Montana
-
Mortgage rates dip under 7%. A glimmer of hope for the housing market?
-
Taraji P. Henson talks about her Hollywood journey and playing Shug Avery in The Color Purple