The following questions have been compiled and answered by the Central Bank of Curaçao and Sint Maarten. For more information, visit the official website: https://www.caribbean-guilder.com/

What is the reason for introducing the Caribbean florin?
On October 10, 2010, Curaçao and Sint Maarten became autonomous countries within the Kingdom of the Netherlands and formed a monetary union with a shared central bank and a new currency. The “Regeling Gemeenschappelijk Geldstelsel Curaçao en Sint Maarten,” which governs the currency of the Curaçao and Sint Maarten monetary union, stipulates that the Caribbean guilder will replace the Netherlands Antillean guilder (NAf.).

When will the Caribbean florin be officially introduced?
The Caribbean florin will enter circulation on March 31, 2025.

What will the exchange rate be for the Caribbean florin against the U.S. dollar?
Like the Antillean florin, the Caribbean florin will be legally pegged to the U.S. dollar at an exchange rate of 1 USD = 1.79.

What is the exchange rate between the Antillean florin and the Caribbean florin?
The exchange rate between the Netherlands Antillean guilder and the Caribbean guilder is 1:1. The Netherlands Antillean guilder and the Caribbean guilder have the same value.

For how long will the Netherlands Antillean guilder and the Caribbean guilder be in circulation at the same time?
The two currencies will circulate simultaneously for 3 months starting on March 31, 2025.

How long after the introduction of the Caribbean florin will it still be possible to use the Netherlands Antillean florin to make payments?
Cash payments in Dutch Antillean florins will be accepted for up to 3 months after the introduction of the Caribbean florin on March 31, 2025. This means you will be able to make cash payments in Dutch florins until June 30, 2025. You will receive your change (primarily) in Caribbean florins.

Where can I exchange my Antillean florin for Caribbean florin, and for how long?
The exchange can be made at commercial banks where you have an account, up to 12 months after the introduction of the Caribbean florin. This means that March 31, 2026, will be the last day to exchange ANG at commercial banks. However, once those 12 months have passed, you will still be able to exchange Antillean florins at the CBCS for 29 years, until March 31, 2055.

What will the denominations of the Caribbean florin be?
Caribbean florin coins will be issued in the following denominations: 5 florins, 1 florin, 50 cents, 25 cents, 10 cents, 5 cents, and 1 cent. As for banknotes, the denominations will be 200 florins, 100 florins, 50 florins, 20 florins, and 10 florins.

The 250 Caribbean florin bill will be replaced by the 200 Caribbean florin bill, and the 25 Caribbean florin bill by the 20 Caribbean florin bill. The new banknote denominations are more in line with general practices in international payment systems, such as those for the euro and the U.S. dollar.

How will people with visual impairments be able to recognize the different denominations of XCG banknotes?
Caribbean florin banknotes have a number of features that help people who are blind or have visual impairments recognize the different denominations of the bills.

The accessibility features available on our tickets include:
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Tactile markings. There are raised lines along the left and right edges of the front side of the bills. You can tell the denomination by the number of lines.

Large numbers. The designs feature large numbers to clearly display the denomination. The large numbers are printed in raised ink to make it easy to identify the value of the bills.

Vibrant colors. Each bill has a dominant color.

What will be the currency symbol for the Caribbean florin?
The currency symbol for the Caribbean florin will be Cg. For the Netherlands Antillean florin, we use NAf as the currency symbol.

However, the official currency code in the payment system will be XCG. The reason is that the official ISO currency code for more than one country (as is the case with Curaçao and Sint Maarten) always begins with “X.” The official code for the Antillean guilder is ANG.

What will the new Caribbean florin bills be made of?
The banknotes, like those of the Netherlands Antilles, will be made of cotton. However, the cotton will be of higher quality and more durable. As a result, Caribbean florin banknotes will last longer, and fewer banknotes will need to be produced. With reduced production and fewer banknotes destroyed, these sustainable banknotes will contribute to a cleaner environment.

Why is the florín called the “Caribbean” florín?
The name “Caribbean guilder” is stipulated in the “Regeling Gemeenschappelijk Geldstelsel Curaçao en Sint Maarten.” Initially, the name “Dutch Caribbean guilder” was agreed upon. However, since the Dutch Caribbean geographically includes the BES Islands and Aruba, the name “Caribbean guilder” was chosen in these regulations.

What are the advantages of the Caribbean florin?
One of the advantages of the new Caribbean florin is that, thanks to their sophisticated design and high-quality, modern security features, the bills and coins will be protected against counterfeiting, which reduces the likelihood of fraud or loss when using cash.

Who will supply the XCG?
The coins will be minted and supplied by the Royal Canadian Mint, while the banknotes will be printed and supplied by Crane Currency.

Who holds the copyright to the designs of coins and banknotes?
The Central Bank of Curaçao and Sint Maarten is the copyright holder. For information on the terms and conditions for reproducing banknotes, visit the CBCS website.