Instruct: Given a question, retrieve documents that answer the question.
Query: Are US dollars accepted in Curacao?
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.
Indonesia law No. 7 of 2011 about currency in Indonesia only allows Rupiah as a medium of exchange in Indonesia. The law effectively prohibits the use of commodities such as cryptocurrencies and gold as currencies. Bank Indonesia has emphasized the prohibition on using cryptocurrency assets as a medium of exchange in Indonesia..
The dollar was the currency of Trinidad until 1814. The currency comprised various cut Spanish dollars and other Spanish colonial coins. Before 1811, the dollar was worth 8 shillings, each of 12 pence. After 1811, it was worth 9 shillings. In 1814, sterling was established as the official currency of the island. Since 1905, dollars have once more circulated on Trinidad, first the Trinidad and Tobago dollar, then the British West Indies dollar, before the Trinidad and Tobago dollar was reintroduced.
The dollar was the currency of Tobago until 1814. The currency comprised various cut Spanish dollars and countermarked French colonial coins. The dollar was subdivided into 11 "bits", each of nine "pence". In 1814, sterling was established as the official currency of the island. Since 1905, dollars have once more circulated on Tobago, first the Trinidad and Tobago dollar, then the British West Indies dollar, before the Trinidad and Tobago dollar was reintroduced.
The financial crisis of 2007–2008 with the collapse in the commodities market saw the US$ gain strongly against currencies backed by weakening commodities exports. With palm oil and rubber prices falling from their peak by more than half, the rupiah came under pressure, Bank Indonesia spent US$7 billion of its $57 billion reserves in October defending the currency. Despite this, the rupiah slipped below Rp 10,000 on 23 October for the first time since 2005, and then below Rp 11,000 on 2 November, a mark last reached in 2001. On 13 November, Bank Indonesia introduced new regulations requiring foreign currency purchases over US$100,000 a month to be backed by documentation of an underlying transaction and a tax number. The rupiah closed below Rp 12,000 for the first time since 1998 on 20 October, with intraday lows below Rp 13,000. Subsequently, however, the cut in the Federal Reserve rate to 0–0.25% and Bank Indonesia support for the currency, saw the rupiah strengthen slightly to a range around Rp 11,000.
The word "ringgit" is an obsolete term for "jagged" in Malay and was originally used to refer to the serrated edges of silver Spanish dollars which circulated widely in the area during the 16th and 17th century Portuguese colonial era. In modern usage "ringgit" is used almost solely for the currency. Due to the common heritage of the three modern currencies, the Singapore dollar and the Brunei dollar are also called "ringgit" in Malay (currencies such as the US and Australian dollars are translated as "dolar"), although nowadays the Singapore dollar is more commonly called "dolar" in Malay. To differentiate between the three currencies, the Malaysian currency is referred to as "Ringgit Malaysia", hence the official abbreviation and currency symbol "RM". Internationally, the ISO 4217 currency code for Malaysian ringgit is "MYR".
The dollar (currency code TTD) is the currency of Trinidad and Tobago. It is normally abbreviated with the dollar sign $, or alternatively TT$ to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents. Its predecessor currencies are the Trinidadian dollar and the Tobagan dollar.
A currency is a medium of exchange, such as money, banknotes, and coins. In Europe, the most commonly used currency is the euro (used by 25 countries); any country entering the European Union (EU) is expected to join the eurozone when they meet the five convergence criteria. Denmark is the only EU member which has been granted an exemption from using the euro, Sweden has also not adopted the Euro, although unlike Denmark, it has not formally opted out, instead, fails to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro. For countries which hope to join the eurozone, there are five guidelines that need to be followed, grouped in the Maastricht criteria.
Comoros is a sovereign archipelago island nation in the Indian Ocean, located at the northern end of the Mozambique Channel off the eastern coast of Africa, between northeastern Mozambique and northwestern Madagascar. Other countries near the Comoros are Tanzania to the northwest and the Seychelles to the northeast. Its capital city is Moroni, situated on Grande Comore the largest island in the archipelago. As a nation formed at a crossroads of many civilizations, the archipelago is noted for its diverse culture and history. The Union of the Comoros has three official languages – Comorian, Arabic and French. Officially, in addition to many smaller islands, the country consists of the four major islands in the volcanic Comoros archipelago: northwesternmost Grande Comore (Ngazidja); Mohéli (Mwali); Anjouan (Nzwani); and southeasternmost Mayotte (Maore). Although the Comoros has many natural resources for tourism, such as its beaches and marine environment, it does not have as strong a tourist industry as its regional competitors Réunion, Mauritius, and Seychelles. Its weak tourist industry is mainly because of its insecure political climate, with many political upheavals over the past three decades. Tourists in the Comoros are mainly wealthy Americans and Europeans, while much of the investment in hotels has come from South Africa. The main tourist attractions in the Comoros are its beaches, underwater fishing, and mountain scenery. Mohéli is a picturesque tourist attraction. Grand Comore has an international airport and most of the Comoros' few hotels.
From 1949, with the introduction of the British West Indies dollar, the currency of Trinidad and Tobago became officially tied up with that of the British Eastern Caribbean territories in general. The British sterling coinage was eventually replaced by a new decimal coinage in 1955, with the new cent being equal to one half of the old penny. In 1951, notes of the British Caribbean Territories, Eastern Group, were introduced, replacing Trinidad and Tobago's own notes. In 1955, coins were introduced when the dollar was decimalized. In 1964, Trinidad and Tobago introduced its own dollar. Between 1964 and 1968 the Trinidad and Tobago dollar was utilized in Grenada as legal tender until that country rejoined the common currency arrangements of the East Caribbean dollar. The Trinidad and Tobago dollar and the Eastern Caribbean dollar were the last two currencies in the world to retain the old rating of one pound equals four dollars and eighty cents, as per the gold sovereign to the Pieces of eight. Both of these currencies ended this relationship within a few weeks of each other in 1976.
Following the issuance of Presidential Decree No. 31 of 5 September 2016, Bank Indonesia introduced seven new banknote designs featuring national heroes:During colonial times, the currency used in what is now Indonesia was the Netherlands Indies gulden. The country was invaded in 1942 by Japan, which began printing its own version of the gulden, which remained in use until March 1946. The Netherlands authorities and the Indonesian nationalists, who were fighting for independence, both introduced rival currencies in 1946 with the Dutch printing a new gulden, and the Indonesians issuing the first version of the rupiah on 3 October 1946. Between 1946 and 1950 a large number of currencies circulated in Indonesia, with the Japanese gulden still remaining prevalent alongside the two new currencies and various local variants. This situation ended when the federal government, now in complete control following the Dutch recognition of its independence, initiated currency reforms between 1950 and 1951. The rupiah was declared the sole legal currency, with other currencies being exchanged for rupiah at rates which were often unfavourable to the holders.
However, the federal Malaysian government in Kuala Lumpur denied that the Kelantanese dinar had a legal-tender status, stating that the buyers had been misled by the Kelantanese government. The only currency that is legal tender in Kelantan is the Malaysian ringgit. According to the Malaysian constitution, ninth schedule, list I sub 7.a, the states of Malaysia do not have the right to issue coins. In fact, the federal government had already declared publicly in 2006, in response to the plan announced by the Kelantanese government and before any of the coins were minted, that state governments could not issue their own currency.
Dutch is an official language of Aruba, Belgium, Curaçao, the Netherlands, Sint Maarten, and Suriname. The Netherlands also colonised Indonesia, but Dutch was scrapped as an official language after Indonesian independence and today it is only used by older or traditionally educated people. Dutch was until 1925 an official language in South Africa but evolved in and was replaced by Afrikaans, a partially mutually intelligible daughter language of Dutch.
The euro is also used in countries outside the EU. Four states – Andorra, Monaco, San Marino, and Vatican City — have signed formal agreements with the EU to use the euro and issue their own coins. Nevertheless, they are not considered part of the eurozone by the ECB and do not have a seat in the ECB or Euro Group.
The currency of Switzerland is the Swiss franc. Switzerland (with Liechtenstein) is in the unusual position of being surrounded by countries that use the euro. As a result, the euro is "de facto" accepted in many places, especially near borders and in tourist regions. Swiss Federal Railways accept euros, both at ticket counters and in automatic ticket machines. Also many public phones, vending machines or ticket machines accept euro coins. Many shops and smaller businesses that accept euros take notes only, and give change in Swiss francs, usually at a less favourable exchange rate than banks. Many bank cash machines issue euros at the traded exchange rate as well as Swiss francs.
The currency was introduced in non-physical form (traveller's cheques, electronic transfers, banking, etc.) at midnight on 1 January 1999, when the national currencies of participating countries (the eurozone) ceased to exist independently. Their exchange rates were locked at fixed rates against each other. The euro thus became the successor to the European Currency Unit (ECU). The notes and coins for the old currencies, however, continued to be used as legal tender until new euro notes and coins were introduced on 1 January 2002.
The rupiah (Rp) is the official currency of Indonesia. Issued and controlled by the Bank of Indonesia, the ISO 4217 currency code for the Indonesian rupiah is IDR. The name "Rupiah" is derived from the Indian word "rupiya" (), ultimately from Sanskrit "rupyakam" (; silver). Informally, Indonesians also use the word ""perak"" ("silver" in Indonesian) in referring to rupiah. The rupiah is subdivided into 100 "sen", although inflation has rendered all coins and banknotes denominated in sen obsolete.
The currency was introduced in non-physical form (traveller's cheques, electronic transfers, banking, etc.) at midnight on 1 January 1999, when the national currencies of participating countries (the eurozone) ceased to exist independently in that their exchange rates were locked at fixed rates against each other, effectively making them mere non-decimal subdivisions of the euro. The euro thus became the successor to the European Currency Unit (ECU). The notes and coins for the old currencies, however, continued to be used as legal tender until new notes and coins were introduced on 1 January 2002 (having been distributed in small amounts in the previous December). Beginning on 1 January 1999, all bonds and other forms of government debt by eurozone nations were denominated in euros.
When oil was discovered in the Maracaibo Basin town of Mene Grande in 1914, the fortunes of the island were dramatically altered. In the early years, both Shell and Exxon held drilling concessions in Venezuela, which ensured a constant supply of crude oil to the refineries in Aruba and Curaçao. Crude oil production in Venezuela was inexpensive. The integrated companies Shell and Exxon controlled the entire industry from pumping, transporting, and refining to marketing the end product. The refineries on Aruba and Curaçao operated in global markets and were profitable partly because of the margin between the production costs of crude oil and the revenues realized on products. This provided a safety net for losses incurred through inefficiency or excessive operating costs at the refineries.
Between 1995 and 1997, the ringgit was trading as a free float currency at around 2.50 to the US dollar, but following the onset of the 1997 East Asian financial crisis, the ringgit witnessed major dips to under 3.80 MYR/USD by the end of 1997 as a result of capital flight. During the first half of 1998, the currency fluctuated between 3.80 and 4.40 MYR/USD, before Bank Negara Malaysia moved to peg the ringgit to the US dollar in September 1998, maintaining its 3.80 MYR/USD value while remaining floated against other currencies. In addition, the ringgit was designated non-tradeable outside of Malaysia in 1998 to stem the flow of money out of the country.
Singapore's total trade in 2014 amounted to S$982 billion. Despite its small size, Singapore is currently the fifteenth-largest trading partner of the United States. In 2014, Singapore's imports totalled $464 billion, and exports totalled $519 billion. Malaysia was Singapore's main import source, as well as its largest export market, absorbing 18% of Singapore's exports, with the United States close behind.
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.
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.
"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.
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.