XCG Transition Payment System successful…
Willemstad/Philipsburg – On Monday the Minister of Finance for St. Maarten Marinka Gumbs along with the Management team of the Central Bank of Curacao & St. Maarten toast to the first transaction of the switched over currency of the Netherlands Antilles Florin (NAF) to the Caribbean Guilder (XCG), marking the roll out of the new bank notes for both Curaçao and St. Maarten.
The digital payment system in the countries of Curaçao and Sint Maarten was later successfully switched to the Caribbean guilder during the night of March 31 to April 1, 2025. While the new currency was officially brought into circulation in both countries on Tuesday, the Caribbean guilder has now also been introduced for digital payment transactions. As of Tuesday April 01st, the currency code XCG applies to the new currency. Furthermore, the Central Bank of Curaçao and Sint Maarten confirms that all commercial banks have been reconnected to the payment systems successfully.
