CBCS withdraws banknotes issued from 1986 to 1994 | THE DAILY HERALD

A NAf. 250 banknote.


WILLEMSTAD–The Central Bank of Curaçao and Sint Maarten (CBCS) has, in accordance with paragraph 1 of article 7 of its charter, decided to withdraw from circulation all denominations of the Netherlands Antilles guilder banknotes issued from 1986 to 1994 as per July 31.

The withdrawal includes the NAf. 5, NAf. 10, NAf. 25, NAf. 50, NAf. 100 and NAf. 250 denominations of the native birds’ series without the gold-coloured foil print.

Consequently, banknotes with the mentioned years of issue will no longer have the legal tender status as of August 1 and may be refused as such as of this date. This implies that these banknotes can no longer be used to make cash purchases as of August 1.

The decision to withdraw banknotes with the mentioned years of issue is based on a periodic evaluation of all banknotes in circulation, which focuses mainly on the quality of these banknotes. The banknotes of the 1986 issue no longer meet our quality standards.

Anyone in possession of banknotes of the 1986-1994 issue is urged by the Bank to exchange them at local commercial banks or at CBCS.

From August 1, 2018, until July 31, 2048, the indicated banknotes can only be exchanged at CBCS.

In accordance with paragraph 3 of article 7 of the bank’s statute, the right to demand exchange of the banknotes concerned shall expire after July 31, 2048.

Source: The Daily Herald https://www.thedailyherald.sx/islands/77235-cbcs-withdraws-banknotes-issued-from-1986-to-1994