Curaçao is about to undergo an important economic transition. The island, known for its stunning beaches and vibrant culture, is set to replace its current currency, the Netherlands Antillean Guilder ( ANG), with a new currency: the Caribbean Guilder (XCG). This change is part of a broader initiative to modernize the island's financial system and enhance economic stability. In this post, we’ll explore why this shift is happening, what the changes mean for locals and tourists, and how to prepare for the introduction of the new Guilder.

Why is Curaçao Switching to the Caribbean Guilder?

The move to a new currency is driven by economic growth and the need to improve the stability and security of the financial system. The Caribbean Guilder will not only offer enhanced anti-counterfeiting features but will also help streamline financial transactions between Curaçao, Sint Maarten, and other neighboring islands in the Caribbean. The transition is expected to provide a boost to regional trade and promote economic cooperation within the Caribbean community.

This currency change is also aimed at making the island’s economy more secure and better integrated with international markets. The new Gulden will be linked to the US Dollar at a fixed exchange rate of 1 USD = 1.79 XCG, which will help maintain stability in both local and international transactions.