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 Caribbean Securities Exchange is located in the capital of Willemstad, as is the Central Bank of Curaçao and Sint Maarten; the latter of which dates to 1828. It is the oldest central bank in the Western Hemisphere. The island's legal system supports a variety of corporate structures and is a corporate haven. Though Curaçao is considered a tax haven, it adheres to the EU Code of Conduct against harmful tax practices. It holds a qualified intermediary status from the United States Internal Revenue Service. It is an accepted jurisdiction of the OECD and Caribbean Financial Action Task Force on Money Laundering. The country enforces Anti-Money Laundering and Counter-Terrorism funding compliance.