News in Brief

New Caribbean Guilder Coins Approved

The Central Bank of Curaçao and Sint Maarten has announced its approval of samples of the 1 cent, 5 cent, 10 cent, and 50 cent coins for the new Caribbean guilder currency. Now that the samples have been approved, the Royal Canadian Mint – the chosen supplier of the new coins – can begin pre-production trials for the lower denomination coins.

The central bank has said that it is continuing to work on samples for the 1 and 5 guilder coins, which would complete the new coin series samples once finalised.

The introduction of the new Caribbean guilder is expected to be completed during the second half of next year, with the new currency to pegged to the US dollar and issued at par with the Dutch Antilles guilder.