Time Period: 1715-1826

Timeline

  • around 1750
  • Rating of Spanish and Portuguese trade coins in Dutch currency:
    - Spanish Dollar (8 Spanish Reals in silver) at 48 Stivers
    - Spanish Doubloon (8 Spanish Escudos in gold) at 40 Guilders
    - Portuguese Doubloon (6400 Portuguese Réis in gold) at 18¾ Guilders.
  • 31.12.1793
  • Ordinance on the introduction of Dutch coinage in in the West Indies; effective immediately.
    - Silver coins of 3, 1, ¼ Guilder and 2 Stivers in the Dutch model (marked "W") were minted but not put into circulation.
  • 1800-1820
  • Usage of cut and counter-stamped coins as small change substitutes:
    - St. Eustatius: Counter-stamped French colonial stampees (stamp "S.E", restamped "P" later during British occupation), rated at 1 Stiver
    - St. Martin: Counter-stamped French colonial stampees (stamp "St.M"), rated at 1 Stiver; counter-stamped quarter of a Spanish Dollar (stamp "St Martin"), rated at 18 Stivers
    - Curaçao (around 1810) : Counter-stamped quarter of a Spanish Dollar (stamp cinquefoil), rated at 18 Stivers
    - Curaçao (ordinance of 13.07.1818): Counter-stamped third of a Spanish Dollar (stamp "5"), rated at 5 Reals = 30 Stivers; counter-stamped fifth of a Spanish Dollar (stamp "3"), rated at 3 Reals = 18 Stivers.
  • 1821-1822
  • Issuance of subsidiary coins for Curaçao: 1 Real = 6 Stivers (ordinance of 18.09.1821), 1 Stiver (ordinance of 13.08.1822)


Time Period: 1826-1951

Currency: Curaçao Guilder


Timeline

  • 10.05.1826
  • Royal Dutch decree on the introduction of the Dutch accounting and currency into the West Indies; effective 01.01.1827.
    - All foreign and earlier coinage was demonetized in Curaçao, except: Spanish Dollar (full) = 2.40 Guilders; 3 Reals of 1818 (Fifth of a Spanish Dollar) = 50 Cents; 1 Stiver of 1822 = 2½ Cents.
  • 06.02.1828
  • Publication of the charter for the Bank of Curaçao as private commercial bank and start of operations; ratified by governor's resolution of 28.05.1831.
    - Issuance of paper money began in 1855, and the notes of the Bank of Curaçao became legal tender by governor's resolution of 01.12.1892.
  • 14.12.1853
  • Proclamation of the Dutch Coinage Act of 1847 in the West Indian colonies; effective 21.06.1854.
  • 03.02.1854
  • Royal Dutch decree on the local rating of foreign coins in the West Indian colonies, corresponding to a local unit of account of 1 Curaçao Guilder = 0.94 Netherlands Guilder; effective immediately (?).
    - Spanish Dollar (full) = 2.50 Curaçao Guilders, 5 French Francs = 2.35 Curaçao Guilders.
  • 28.06.1881
  • Proclamation of the Dutch Coinage Act of 1875 in the West Indian colonies; effective 01.01.1882 (?)
  • 26.12.1886
  • Dutch Law on the demonetization of the Spanish Dollar; effective 01.11.1887.
    - The Spanish Dollar remained tolerated for use in private transactions, but its rate was lowered to 1.40 Curaçao Guilders (31.01.1896) and 1 Curaçao Guilder (15.09.1897).
  • 23.05.1899
  • Dutch Law [No. 126] on the revaluation of the Curaçao Guilder to parity with the Netherlands Guilder and the issuance of subsidiary coins of 25, 10 Cents; effective immediately.
    - Issuance of the subsidiary coins began on 01.08.1901.
  • 24.07.1940
  • Currency Agreement between the Dutch government-in-exile and the United Kingdom on the pegging of the Curaçao and Suriname currencies to the British Pound; effective immediately.
    - 29.07.1943: Issuance of Dutch subsidiary coins produced by US mints by the government in exile
    - ??.??.1944: Issuance of (regular) subsidiary coins inscribed "Curaçao"; demonetized 30.06.1980
    - ??.??.1953: Issuance of subsidiary coins inscribed "Netherlands Indies"; remains current on Curaçao and St. Martin after the dissolution of the territory on 10.10.2010 as no successor currency is introduced

Valuation Regimes

  • 1826-1940
  • Fixed rate against Netherlands Guilder with limited convertibility, during 1854-1898 there was a discount
  • 1940-1946
  • Fixed rate against British Pound (due to the German occupation of the Netherlands)
  • 1946-1951
  • Fixed rate against US Dollar

Rate Arrangements

  • 10.05.1826
  • Fixed
  • Netherlands Guilder at 1 : 1
  • -
  • 03.02.1854
  • Fixed
  • Netherlands Guilder at 0.94 : 1
  • -6.0%
  • 23.05.1899
  • Fixed
  • Netherlands Guilder at 1 : 1
  • +6.4%
  • 24.07.1940
  • Fixed
  • British Pound at 1 : 7.60
  • ±0.0%
  • 18.12.1946
  • Fixed
  • US Dollar at 1 : 1.886
  • ±0.0%


Time Period: 1951-2025

Currency: Netherlands Antilles Guilder


Timeline

  • 03.03.1951
  • Royal Dutch decree on the constitution of the Netherlands Antilles; effective immediately
  • around 1952
  • Start of issuance of subsidiary coins with country name "Netherlands Antilles"
  • 25.11.1954
  • Start of issuance of paper money by the Bank of Curaçao with country name "Netherlands Antilles"
  • 25.09.1961
  • Law [No. 158] on the establishment of the Bank of the Netherlands Antilles as central bank out of the Bank of Curaçao; effective 01.01.1962
  • 26.11.2008
  • Agreement between Curaçao (based on §88 of the constitution) and Sint Maarten (based on §100 of the constitution) on the establishment of the Central Bank of Curaçao and Sint Maarten as successor to the Bank of the Netherlands Antilles; effective 10.10.2010 (by Dutch Royal decree [No. 355] of 21.09.2010.
  • 30.09.2010
  • Dutch Law [No. 363] on the adoption of the US Dollar as currency for the Special Municipalities of the Caribbean Netherlands (Bonaire, Saba, St. Eustatius); effective 01.01.2011.
    - The Netherlands Antilles Guilder was demonetized on 30.01.2011.

Valuation Regimes

  • 1951-2025
  • Fixed rate against US Dollar

Rate Arrangements

  • 03.03.1951
  • Fixed
  • US Dollar at 1 : 1.886
  • ±0.0%
  • 23.12.1971
  • Fixed
  • US Dollar at 1 : 1.79
  • +5.4%


Time Period: 2025-

Currency: Caribbean Guilder


Timeline

  • 14.02.2023
  • Central Bank publication of the "Common Monetary System Regulations for Curaçao and Sint Maarten"
  • 11.04.2023
  • Central Bank publication of the "Caribbean Guilder Exchange Rate Regulations"
  • 04.01.2024
  • Central Bank announcement of the 31.03.2025 as introduction date of the Caribbean Guilder
  • 31.03.2025
  • Start of currency exchange:
    - 31.03.2025: Start of issuance of the new banknotes and coins
    - 30.09.2025: Demonetization of the Netherlands Antilles currency.

Valuation Regimes

  • 2025-
  • Fixed rate against US Dollar

Rate Arrangements

  • 31.03.2025
  • Fixed
  • US Dollar at 1 : 1.79
  • ±0.0%


End-year Forex Rates (Units per US Dollar)