Shortage of money in Curacao and St. Maarten

Talks between St. Maarten and Curacao about a common currency have been going on for years now. The lack of decision has now led to a shortage of coins on both islands. The Central Bank of Curacao and St. Maarten (CBCS) has indicated that the problems will be solved at the end of May or the beginning of June.

Curacao and St. Maarten were part of the Netherlands Antilles until 10 October 2010. They continued as autonomous countries within the Kingdom of the Netherlands (for an explanation of the difficult organisation of the Kingdom of the Netherlands I advice you to watch this cool video). Part of the decision back then was also to introduce a common currency: the Caribbean Guilder. Nothing has happened since because of disagreements between the two countries. St. Maarten in the meantime is thinking about adopting the US dollar as its currency. In the meantime the Netherlands Antillean guilder will still be used:

Steven Wednesday 19 March 2014 at 09:47 am | | news
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