The Netherlands Antilles Guilder, also known as the Antillean Guilder or Florin (ANG), was the official currency of the Netherlands Antilles, a former Dutch territory in the Caribbean that was dissolved in 2010.

The Central Bank of Curacao and Sint Maarten (CBCS) is responsible for issuing and managing the currency.

Subdivisions and Denominations

The Netherlands Antilles Guilder is subdivided into 100 smaller units called cents.

Coins are issued in denominations of 1, 5, 10, 25, and 50 cents, as well as 1, 2, and 5 Guilders.

Banknotes are available in denominations of 10, 25, 50, 100, and 200 Guilders.

Current Use

Though the Netherlands Antilles was dissolved in 2010, the Netherlands Antilles Guilder is still used as the official currency in two of the former constituent countries, Curacao and Sint Maarten.

The other islands, Bonaire, Saba, and Sint Eustatius, have adopted the United States Dollar (USD) as their official currency.

Exchange Rate

The exchange rate of the Netherlands Antilles Guilder is pegged to the United States Dollar (USD) at a fixed rate of 1.79 Guilders to 1 United States Dollar.

This pegged exchange rate ensures stability and predictability for trade and investment purposes.

Economy

The economies of Curacao and Sint Maarten, where the Netherlands Antilles Guilder is still in use, are predominantly driven by the tourism industry.

Other significant sectors include financial services, oil refining, and shipping. Both islands have been working to diversify their economies and promote sustainable development.

Future Plans

There have been discussions regarding the possible introduction of a new currency, the Caribbean Guilder, to replace the Netherlands Antilles Guilder in Curacao and Sint Maarten.

However, as of now, no concrete steps have been taken towards the implementation of the new currency.

Summary

The Netherlands Antilles Guilder is the former official currency of the Netherlands Antilles, which was dissolved in 2010.

It is currently used in Curacao and Sint Maarten, and the Central Bank of Curacao and Sint Maarten oversees its issuance and management.

The currency is subdivided into cents, and coins and banknotes are issued in various denominations.

The exchange rate of the Netherlands Antilles Guilder is pegged to the United States Dollar, and the economies of Curacao and Sint Maarten, where the currency is still in use, rely primarily on tourism and financial services.

There is ongoing discussion about the potential replacement of the Netherlands Antilles Guilder with a new currency, the Caribbean Guilder.