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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 Saturday, November 14th, 2020
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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...

By The Publisher On Wednesday, October 21st, 2020
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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...

By The Publisher On Friday, October 16th, 2020
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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...

By The Publisher On Thursday, October 15th, 2020
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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...

By The Publisher On Wednesday, October 14th, 2020
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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...

By The Publisher On Sunday, October 11th, 2020
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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...

By The Publisher On Tuesday, September 29th, 2020
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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...

By The Publisher On Saturday, September 26th, 2020
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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...

By The Publisher On Friday, September 11th, 2020
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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...