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...
No liquidity support yet but talks have finally started
THE HAGUE / PHILIPSBURG – St. Maarten’s needs 61.2 million guilders in liquidity support until the end of 2020 but the government will not get this money yet because it does not meet the requirements for the More...
Knops calls Minister Irion to order about bond issue
PHILIPSBURG – De 75 million guilders bond issue Finance Minister Ardwell Irion had in mind will not become a reality. State Secretary Drs. Raymond Knops called Irion to order with a firm reminder that St. Maarten More...
UP-leader Brison spins the 75 million bond issue story
PHILIPSBURG – United People’s party leader MP Rolando Brison said in an interview with Curacao’s TV Direct program Notisia 13 that Finance Minister Ardwell Irion is “one hundred percent correct” in his More...
Minister Irion contests Cft’s take on article 16
PHILIPSBURG – Finance Minister Ardwell Irion disagrees with financial supervisor Cft about its opinion that, by floating a 75 million guilders bond with the Central Bank, St. Maarten violates article 16 of the More...
Cft objects to intended 75 million bond issue
PHILIPSBURG – Unless Finance Minister Ardwell Irion makes a U-turn, there will be a 75 million guilders bond issue for St. Maarten on October 21. It is an expensive attempt to get the country out of its financial More...
Audit Chamber report reveals abuse of public funds
PHILIPSBURG –- Successive governments since 10-10-10 have been epic failures. That’s not an opinion, but a statement based on findings of the General Audit Chamber that are published in its report Retrospective More...
SOAB finds nothing wrong with execution support programs
PHILIPSBURG – The government accountants bureau (Soab) audited Finance Minister ardwell Irion’s income and unemployment support programs and found that these programs are mostly executed conform the rules established More...
Unpaid Advice: How Government Can Cut Phone Costs
PHILIPSBURG — “St Maarten’s Government Crazy Phone Bills” is the headline heading up an article on the website of our colleague in the media business, Mervin Hanley of THG News Today. That More...
Third tranche of liquidity support remains elusive
THE HAGUE – The outcome of the Kingdom Council of Ministers meeting of Friday cannot come as a surprise to anyone. “As long as St. Maarten does not agree with the core of the package, a fruitful discussion More...
