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Central Bank announces introduction of Caribbean Guilder in 2021

~ A StMaartenNews.com review of the 2020 Budget of the Central Bank of Curacao & St. Maarten ~ PHILIPSBURG – If it is up to the Central Bank of Curacao and St. Maarten, then the Antillean guilders will disappear in 2021 and be replaced by the Caribbean guilder. The bank wants to introduce the new currency in the first half of next year, according More...

by The Publisher | Published 2 weeks ago
By The Publisher On Monday, October 5th, 2020
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The ENNIA-saga: How Ansary fought the Central Bank every step of the way

PHILIPSBURG – After ignoring instructions from the Central Bank of Curacao and St. Maarten for years, the court in Curacao placed insurance company ENNIA under the rules of the emergency measure in July 2018. More...

By The Publisher On Monday, October 5th, 2020
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Former Minister Gibson among recipients of excessive payments from ENNIA

PHILIPSBURG – The petition attorneys Karina Keizer and Sabine Altena submitted to the court in Curacao on behalf of insurance company ENNIA alleges that three St. Maarteners benefited excessively from questionable More...

By The Publisher On Wednesday, September 30th, 2020
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Central Bank response to recent media coverage of ENNIA

Willemstad/Philipsburg – Following recent media coverage, the Centrale Bank van Curaçao en Sint Maarten (CBCS) reports as follows. In early July 2018, at the request of the CBCS, the Court of First Instance More...

By The Publisher On Monday, September 21st, 2020
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Attorney warns against dire consequences of foreign exchange restrictions

PHILIPSBURG – “If this ship sinks we all sink together,” is the conclusion of an opinion HBN Law attorney Michelle Wever wrote about the potential consequences of measures the Central Bank of Aruba took back More...

By The Publisher On Monday, August 24th, 2020
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Millions available for Enterprise Support Program (ESP)

PHILIPSBURG – The National Recovery Program Bureau (NRPB) launched its Enterprise Support Program (ESP) with a virtual presentation. There is $35 million available for the next four years for eligible projects. More...

By The Publisher On Thursday, August 20th, 2020
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Challenges facing the new CBCS President

by Emsley D. Tromp I am writing this note risking stepping on toes. However, the only way to avoid stepping on toes is to stand still. Standing still will come at greater cost to the reputation and the credibility More...

By The Publisher On Friday, July 24th, 2020
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Central Bank appoints Brodie as ENNIA’s CEO

WILLEMSTAD – The Central Bank of Curacao and St. Maarten will install a new management team at insurance company ENNIA next week with Lesley-Ann Brodie as its Chief Executive Officer. Brodie spent more than ten More...

By The Publisher On Tuesday, June 23rd, 2020
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Banking with NIBanc comes to an end

PHILIPSBURG – The owner of NIBanc, Hushang Ansary, has requested the Central Bank of Curaçao and St. Maarten to withdraw the banking license. After thirty years, the curtain falls on the investment bank More...

By The Publisher On Sunday, June 21st, 2020
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Heyliger-Marten: “Local lenders must show confidence in local businesses”

PHILIPSBURG — At a time when local and global economies are facing economic hardship and the US stock market is showing instability, Faction Leader for the United People’s Party in Parliament, the honourable More...