Request for delay Caribbean guilder
- June 01, 2011 11:33 AM
Curaçao Finance Minister George "Jorge" Jamaloodin (MFK) will soon approach Parliament with an official request to postpone the introduction of the joint Caribbean guilder of Curaçao and Sint Maarten.
The minister said there are several reasons for the delay. The switch from the current Antillean guilder (of the no-longer-existent Netherlands Antilles) to the Caribbean guilder is expected to cost 20 million guilders.
The new currency was supposed to go into effect on January 1, 2012, but it's already clear this target date can't be made. The fact that St. Maarten is toying with the idea of dollarization also plays a role.
Considering that, there is no big hurry, said Jamaloodin, who emphasised that the Schotte cabinet has not taken any decision on possibly switching to the US dollar. He expects to present his proposal to the legislature within the next two weeks.
1 June 2011
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