Will St. Maarten finally leave the monetary union?
PHILIPSBURG — The Social Economic Council advised the government more than ten years ago, in February 2013 to leave the monetary union with Curacao as soon as possible. Politicians may have read the advice, More...
Imports affect impact of international tourism
PHILIPSBURG — Every dollar earned from international tourism induces almost 62 dollar cents in additional imports. This appears from research conducted by Dr. Shekinah Dare and Christopher Rigaud. The researchers More...
Central Bank launches Caribbean guilder in March 2025
PHILIPSBURG — The Caribbean Guilder will replace the Antillean Guilder per March 31, 2025, the Central Bank of Curacao and St. Maarten announced in a press release. Initially, the bank’s 2022 annual financial More...
Central Bank issues wake-up call for climate change
PHILIPSBURG — Politicians ought to wake up to the threats posed by climate change, it appears from the Central Bank’s latest economic bulletin. Richard Doornbosch, the president of the Central Bank of Curacao More...
Central Bank reaches agreement to protect Ennia pensions
PHILIPSBURG — The Central Bank of Curacao and St. Maarten (CBCS) has reached an agreement with the governments of Curacao and St. Maarten whereby there is no need for cuts in the pensions of Ennia policy More...
St. Maarten issues bond loan
PHILIPSBURG — St. Maarten will issue a bond loan of 60,854,000 guilders against 3.4 percent interest on November 10. The duration of the loan is 20 years. The subscription to the loan opens on November 2 More...
Central Bank to discuss details of Ennia-solution
PHILIPSBURG — The solution Curacao’s Prime Minister Gilmar Pisas has presented for embattled insurance company Ennia is not an entirely done deal yet, it appears from a press release issued by the Central More...
Dutch-side economy twice the size of that on the French side
PHILIPSBURG — The economy of St. Maarten is roughly twice the size of that of the French part of the island, it appears from the Economic Bulletin of September, published by the Central Bank of Curacao and More...
Central Bank: economic recovery continues
PHILIPSBURG — The economies of Curacao and St. Maarten continue to recover from the corona pandemic, the Central Bank of Curacao and St. Maarten (CBCS) states in its economic Bulletin of September. The first More...
Digital banking is taking the world by storm
PHILIPSBURG — The banking industry is in the middle of a digital revolution that will affect banking in never before seen ways. Policy Officer Farah de Haas and Information Risk Officer Marc Kross examined More...
