No position CIFA on currency yet | THE DAILY HERALD


WILLEMSTAD–The Curaçao International Financial Services Association CIFA, does not yet have a clear position on a new currency for Curaçao. During a parliamentary meeting the possible introduction of the Caribbean guilder for the monetary union shared with St. Maarten was discussed.

According to Finance Minister Kenneth Gijsbertha the island has a serious problem and a decision must be made as soon as possible. The Dutch printing company will stop printing the existing Netherlands Antillean guilder.

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Both the banknotes and coins are not easy to manufacture by another company and the coins change quickly. Two options are possible: the current Antillean guilder is upgraded or a new Caribbean guilder is introduced.

Anouschka Cova of CIFA says the fact that her organisation has not yet made itself heard does not mean that CIFA is against a new currency. Whether or not her organisation is in favour, also remains unclear.

CIFA is not making any statements about possible consequences of introducing a new currency. For the time being, no decision has been made yet and that is why Cova is not commenting.

Source: The Daily Herald