We expect the government to retain the Netherlands Antilles guilder. Efforts to introduce a new currency, the Caribbean guilder, have stalled. Sint Maarten and Curaçao, which formed a currency union in 2010, had intended to adopt the new currency jointly, but Sint Maarten has a preference for adoption of the US dollar, which Curaçao opposes. The union will remain intact in the short term at least, with the Netherlands Antilles guilder pegged to the US dollar at Naf1.79:US$1.

The real effective exchange rate has appreciated gradually since 2011, owing to hyperinflation in Venezuela (which until recently was Curaçao's third-largest trading partner) and the appreciation of the US dollar.