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Curacao (pronounced Koo-ra-sao), formerly La Curacao, is a large-format retail store chain and finance company with export, travel and money transfer services. [1] Founded in 1978, Curacao is headquartered in Los Angeles with retail locations in California, Arizona and Nevada. [ 2 ]
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For a long time this 'Maduro Money' was accepted as payment on the ABC islands. [3] However, by the early 20th century increasing industrialization following the discovery of oil in nearby Venezuela and the opening of the Panama Canal ushered in a demand for modern banking services. [4]
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The Central Bank of Curaçao and Sint Maarten (CBCS; Papiamento: Banko Sentral di Kòrsou i Sint Maarten, Dutch: Centrale Bank van Curaçao en Sint Maarten; previously the Bank of the Netherlands Antilles) is the central bank for the Netherlands Antillean guilder and administers the monetary policy of Curaçao and Sint Maarten.
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 agree to have a common currency [4] At the time, it was reported that the new currency would be abbreviated CMg (for Curaçao, Sint Maarten guilder) and would be pegged to the United States dollar ...
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