Central Bank allows moratorium on all loans
PHILIPSBURG — The Central Bank of Curacao and Sint Maarten already took steps to counter the effects of the corona-virus crisis in March. At least one of these measures seems to be at odds with statements More...
MP Buncamper questions money transfers
PHILIPSBURG – Parliamentarian Claudius Buncamper has asked Finance Minister Ardwell Irion in a letter dated May 27 whether measures will be taken “to slow down or stop the flight of foreign currency.” MP More...
Time to split up the monetary union of Curacao & St. Maarten?
~ Is it a good time now to take up the 2013 SER advice to split up the monetary union between Curacao and St. Maarten? ~ By Hilbert Haar The conditions the Kingdom wants to impose on Curacao for more liquidity More...
Central Bank shoots down all of MP Brison’s suggestions
PHILIPSBURG – The Central Bank of Curacao and Sint Maarten (CBCS) has put Chairman of Parliament, MP Rolando Brison, firmly in his place with a response to a letter he sent on April 21 in which he demanded “urgent More...
MP Brison: “Central Bank has not done near enough”
PHILIPSBURG – “The Central bank of Curacao and Sint Maarten has not done near enough to assist the people of St. Maarten,” chairman of parliament MP Rolando Brison said during the meeting of parliament about More...
PFP faction sends Letter of Concern to President of Parliament
Says President’s comments regarding CBCS not reflection of Parliament’s position ~ PHILIPSBURG –- Members of Parliament for the Party for Progress (PFP) faction Melissa Gumbs and Raeyhon Peterson have sent More...
CBCS response to media reports regarding foreign exchange reserves
Willemstad/Philipsburg – The Centrale Bank van Curaçao en Sint Maarten (CBCS) has recommended the governments of Curaçao and Sint Maarten to invoke article 36 of the Charter for the Kingdom of the Netherlands More...
St. Maarten needs massive financial support
Central Bank interim-President Jardim sounds the alarm: St. Maarten needs humongous financial support PHILIPSBURG – St. Maarten’s government needs between 86 and 104 million guilders ($48 to $58.1 million) More...
Plan for deposit guarantee regulation: too little, too late
PHILIPSBURG – The Central Bank of Curacao and Sint Maarten (CBCS) has presented the governments of both countries with a draft national ordinance aimed to establish a deposit guarantee regulation. Such a measure More...
Lion’s share of Central Bank profits stays in Curacao
PHILIPSBURG – The Central Bank of Curacao and St. Maarten is doing well but most of the profits from its healthy bottom line stay in Curacao. Between 2011 and 2018 - the last year of which audited data are available More...
