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Caribbean Guilder
The Caribbean guilder ( nl, Caribische gulden) is a proposed new currency of Curaçao and Sint Maarten, the Caribbean islands which became "landen" (constituent countries) within the Kingdom of the Netherlands, following the dissolution of the Netherlands Antilles on 10 October 2010. The Caribbean guilder would replace the Antillean guilder at par and be pegged to the U.S. dollar. In November 2020, it was announced that the Caribbean guilder would come into circulation the following year, but it was delayed several times. In 2018 the finance minister of Sint Maarten stated that there were only two years of reserve Antillean Guilder banknotes remaining and that the islands would need to make a decision soon. The islands also considered adopting the U.S. dollar or Euro. Negotiations The Netherlands Antillean guilder continued to circulate after the dissolution of the Netherlands Antilles and plans to implement the Caribbean guilder were not finalized until both countries would ag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of The Netherlands Antilles
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Unions
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The Dutch Caribbean
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. How ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Sint Maarten
The economy of Saint Martin, divided between the French Collectivity of Saint Martin (north side) and the Dutch Sint Maarten (south side), is predominately dependent on tourism. For more than two centuries, the main commodity exports have generally been salt and locally grown commodities, like sugar. Until the island was affected by Hurricane Irma in 2017 and the COVID-19 pandemic in 2020, which put a stop to cruising, tourism accounted for 80% of the economy and about four-fifths of the labor force was engaged in that sector. As an island in the Caribbean Sea, Saint Martin enjoys the kind of weather and natural geography that supports tourism. Its proximity to the rest of the Caribbean has also provided economic benefits with its largest airport, Princess Juliana International Airport on the Dutch Sint Maarten side, serving as the main gateway to the Leeward Islands. The larger post- Panamax cruise ships made regular stops to the island. The island offers duty-free shopping and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Sint Eustatius
Sint Eustatius (, ), also known locally as Statia (), is an island in the Caribbean. It is a special municipality (officially "public body") of the Netherlands. The island lies in the northern Leeward Islands portion of the West Indies, southeast of the Virgin Islands. Sint Eustatius is immediately to the northwest of Saint Kitts, and to the southeast of Saba. The regional capital is Oranjestad. The island has an area of . Travellers to the island by air arrive through F. D. Roosevelt Airport. Formerly part of the Netherlands Antilles, Sint Eustatius became a special municipality of the Netherlands on 10 October 2010. Together with Bonaire and Saba it forms the BES islands. The name of the island, "Sint Eustatius", is the Dutch name for Saint Eustace (also spelled Eustachius or Eustathius), a legendary Christian martyr, known in Spanish as ''San Eustaquio'' and in Portuguese as ''Santo Eustáquio'' or ''Santo Eustácio''. History The earliest inhabitants were CaribsJoh. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Saba
The economy of Saba, smallest island of the Netherlands, has always been limited by its small land mass (five square miles) and low population (currently about 1500 people). Because Saba is a dormant volcano with rocky shores and only one beach, tourism was slow to develop. However, the island has become known for its eco-tourist opportunities, such as scuba diving, rock climbing, and hiking. The tourism industry now contributes more to the island's economy than any other sector. Economic history Possibly, Saba's first settlers were a group of Englishmen who shipwrecked on its coast in 1632. However, it is unknown if they remained on the island throughout this decade. Around 1640 Saba was settled by Dutch colonists from nearby St. Eustatius. As the century progressed, Saba became a regional haven for illicit trade. Agriculture, including sugar cane, cotton, tobacco, and indigo were important first industries, as well as fishing. The first enslaved Africans arrived on Saba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Bonaire
Bonaire (; , ; pap, Boneiru, , almost pronounced ) is a Dutch island in the Leeward Antilles in the Caribbean Sea. Its capital is the port of Kralendijk, on the west ( leeward) coast of the island. Aruba, Bonaire and Curaçao form the ABC islands, 80 km (50 miles) off the coast of Venezuela. Unlike much of the Caribbean region, the ABC islands lie outside Hurricane Alley. The islands have an arid climate that attracts visitors seeking warm, sunny weather all year round. Bonaire is a popular snorkeling and scuba diving destination because of its multiple shore diving sites and easy access to the island's fringing reefs. As of 1 January 2019, the island's population totaled 20,104 permanent residents, an increase of about 1,200 since 2015. The island's total land area is ; it is long from north to south, and ranges from wide from east to west. A short west of Bonaire across the sea is the uninhabited islet Klein Bonaire with a total land area of . Klein Bonaire has lo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Aruba
The economy of Aruba is an open system, with tourism currently providing the largest percentage of the country's income. Because of tourism's rapid growth in the last 80 years, related industries like construction have also flourished in Aruba. Other primary industries include oil refining and storage, as well as offshore banking. Despite the island's low rainfall in the past year, the people have proven that Aruba's soil is full of nutrients and many crops do amazingly well in the soil. Many more locals have started participating more to horticulture, permaculture and agriculture. Creating a start to an internal economy. Aloe cultivation, livestock, and fishing also contribute to Aruba's economy. In addition, the country also exports art and collectibles, machinery, electrical equipment, and transport equipment. Aruba's small labor force and low unemployment rate have led to many unfilled job vacancies, despite sharp rises in wage rates in recent years. With such a large p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Curaçao
The economy of Curaçao is a high income economy, as defined by the World Bank. The island has a well-developed infrastructure with strong tourism and financial services sectors. Shipping, international trade, oil refining, and other activities related to the port of Willemstad (like the Free Trade Zone) also make a significant contribution to the economy. Curaçao has one of the highest standards of living in the Caribbean, ranking 46th in the world in terms of GDP (PPP) per capita and 28th in the world in terms of nominal GDP per capita. To achieve the government's aim to make its economy more diverse, efforts are being made to attract more foreign investment. This policy, called the 'Open Arms' policy, features a heavy focus on information technology companies. History Early in its history, Curaçao's economy was centered on salt mining from saline-rich ponds located in the eastern part of the island. Up until that time, dating back to the 16th century, settlers (first Span ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Of The Kingdom Of The Netherlands
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Of The Caribbean
This is a list of the central banks and currencies of the Caribbean. There are a number of currencies serving multiple territories; the most widespread are the East Caribbean dollar (8 countries and territories), the United States dollar (5) and the euro (4). ;Surrounding countries and territories See also * List of banks * Economy of the Caribbean * Currencies of the British West Indies * International status and usage of the euro * List of countries by leading trade partners * List of Latin American and Caribbean countries by GDP growth * List of Latin American and Caribbean countries by GDP (nominal) * List of Latin American and Caribbean countries by GDP (PPP) References {{Caribbean topics Caribbean The Caribbean (, ) ( es, El Caribe; french: la Caraïbe; ht, Karayib; nl, De Caraïben) is a region of the Americas that consists of the Caribbean Sea, its islands (some surrounded by the Caribbean Sea and some bordering both the Caribbean Se ... ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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