Are US dollars accepted in Curacao?
29156340#2
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.
Caribbean guilder
5928630#2
In August 2013, the company's management and employees approached the Curacao government through various departments for a new loan of 5m Guilders (approx. US$2.8 million) to, among other items, pay employee salaries outstanding from July 2013. The appeal for the loan was denied by the Curacao Parliament on August 16, 2013. The Court of First Instance of Curaçao declared the local airline Dutch Antilles Express (DAE) bankrupt on August 30, 2013.
Dutch Antilles Express
31649843#17
In some countries, such as Costa Rica and Honduras, the U.S. dollar is commonly accepted, although not officially regarded as legal tender. In Mexico's northern border area and major tourist zones, it is accepted as if it were a second legal currency. Many Canadian merchants close to the border, as well as large stores in big cities and major tourist hotspots in Peru also accept U.S. dollars, though usually at a value that favours the merchant. In Cambodia, U.S. notes circulate freely and are preferred over the Cambodian riel for large purchases, with the riel used for change to break 1 USD. After the U.S. liberation of Afghanistan, U.S. dollars are accepted as if it were legal tender.
International use of the U.S. dollar
1369772#4
On the islands, the US dollar is accepted as legal currency by hotels, restaurants, and retail establishments at the rate of 1 US Dollar for every 80 Cayman cents. Change is usually given in Cayman Island dollars.
Cayman Islands dollar
17518668#4
"Thomas R. Gedney" twice came to the assistance of the Pacific Coast Steamship Company steamship SS "Curacao" in 1913. On 29–30 April she joined the Coast and Geodetic Survey launches USC&GS "Cosmos" and "Launch 117" in helping to pull "Curacao" off Boulder Spit on Fish Egg Island, Alaska. On 21 June, "Curacao" was wrecked on an uncharted rock at Tonawek Bay in Alaska; "Thomas R. Gedney" rescued her passengers and crew and took them to Ketchikan, Alaska, 140 nautical miles (260 kilometers) from the scene of the wreck.
USC&amp;GS Thomas R. Gedney
5928630#11
In July 2013, management of Dutch Antilles Express approached the Curacao Airport Holdings group regarding a capital loan of 5m Guilders. It became public that DAE's main competitor, Insel Air, had sent correspondence through the government proposing to purchase the government shares of DAE and take over the operations of the company, which was not pursued by the government. At this point it also became public that DAE had received permission from the Curacao government to develop nine new destinations as compensation for the loss of the Venezuelan markets. Curacao Airport Holdings declined to provide assistance; however, the Curacao Parliament took up the question of providing additional public funds to the airline in August, when it became public that employee salaries had not yet been paid for July.
Dutch Antilles Express
2205026#19
The Coinage Act of 1873 ended production of the standard silver dollar and authorized creation of the Trade dollar, thus concluding the Seated Liberty dollar series. The Trade dollar was slightly heavier than the standard dollar and was intended for use in payments in silver to merchants in China. Although not meant for use in the United States, a last-minute rider gave it legal tender status there up to $5. When silver prices plummeted in the mid-1870s, millions appeared in circulation, at first in the West and then throughout the United States, causing problems in commerce when banks insisted on the $5 legal tender limit. Other abuses followed, such as purchase by companies for bullion value (by then about $0.80) for use in pay packets. Workers had little option but to accept them as dollars. In response to complaints, Congress ended any status as legal tender in 1876, halted production of the Trade dollar (except for collectors) in 1878, and agreed to redeem any which had not been chopmarked in 1887.
Seated Liberty dollar
26909991#8
Export is one of Curacao's services. Customers can purchase a product in the United States and have it delivered to Latin American countries. The company has its own warehouses in Mexico and Central America and operates a home-delivery program.
Curacao (retail store)
5588#51
However, in response to stricter economic sanctions by the US and because the authorities were pleased with Cuba's economic recovery, the Cuban government decided in October 2004 to remove US dollars from circulation. In its place, the convertible peso was created, which although not internationally traded, has a value pegged to the US dollar 1:1. A 10% surcharge is levied for cash conversions from US dollars to the convertible peso, which does not apply to other currencies, so it acts as an encouragement for tourists to bring currencies such as Euros, pounds sterling or Canadian dollars into Cuba. An increasing number of tourist zones accept Euros.
Economy of Cuba
939599#8
After a second bout of hyperinflation, Domingo Cavallo was appointed Minister of the Economy in January 1991. On 1 April, he fixed the value of the austral at 10,000 per US dollar. Australs could be freely converted to dollars at banks. The Central Bank of Argentina had to keep its US dollar foreign exchange reserves at the same level as the cash in circulation. The initial aim of such measures was to ensure the acceptance of domestic currency because after the 1989 and 1990 hyperinflation, Argentines had started to demand payment in US dollars. This regime was later modified by a law ("Ley de Convertibilidad") that restored the Argentine peso as the national currency.
1998–2002 Argentine great depression