The choice of the new currency was based primarily upon the islands' requirements and the impact in relation to tourism and trade.
The majority of imports and exports of Bonaire and the Dutch Windward Islands are from or to countries that have the US dollar or a currency linked to the US dollar as legal tender. The majority of tourists are also from the dollar area. Most countries and overseas territories in the Caribbean have the dollar or a currency linked to the dollar as legal tender. For decades, the Netherlands Antillean guilder (ANG) has been pegged to the dollar. Since 1971, the rate has been ANG 1.790 = USD 1.00.
The adoption of the euro would have exposed Bonaire, Sint Eustatius and Saba to exchange rate risk, with potential disadvantages for the islands' trade and tourism.
The introduction of the dollar will put an end to the inconvenience of a dual-currency payment system (the dollar and the guilder). In addition, payments in dollars will no longer involve foreign exchange charges.
Apart from the adoption of the new currency, the existing licence fee will be abolished.
The USA has no objection to the dollar being used by other countries as legal tender.