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
Curaçao trades mainly with the United States, Venezuela, and the European Union. It has an Association Agreement with the European Union which allows companies which do business in and via Curaçao to export products to European markets, free of import duties and quotas. It is also a participant in the US Caribbean Basin Initiative allowing it to have preferential access to the US market.