Caribbean guilder
The Netherlands Antillean guilder will continue to circulate and plans to implement the Caribbean guilder will not be finalized until the islands' Central Bank situation is resolved. The new currency will be abbreviated CMg (for Curacao, Sint Maarten guilder) and would be pegged to the United States dollar at the same exchange rate as the Netherlands Antillean guilder (1 USD = 1.79 NAg = 1.79 CMg). As the BES islands (Bonaire, Sint Eustatius and Saba) adopted the U.S. dollar directly on 1 January 2011, the introduction of the CMg would mean the end of the circulation of the Netherlands Antillean guilder.
Curaçao
The Dutch West India Company founded the capital of Willemstad on the banks of an inlet called the Schottegat. Curaçao had been ignored by colonists, because it lacked gold deposits. The natural harbour of Willemstad proved to be an ideal spot for trade. Commerce and shipping—and piracy—became Curaçao's most important economic activities. In addition, in 1662, the Dutch West India Company made Curaçao a centre for the Atlantic slave trade, often bringing slaves here for sale elsewhere in the Caribbean and on the mainland of South America.