The Central Bank of Curaçao and Sint Maarten (Papiamento: Banko Sentral di Kòrsou i Sint Maarten, Dutch: Centrale Bank van Curaçao en Sint Maarten; previously the Bank of the Netherlands Antilles) is the central bank for the Netherlands Antillean guilder and administers the monetary policy of Curaçao and Sint Maarten. The bank dates to 1828 making it the oldest surviving central bank in the Americas.[1]
Prior to the dissolution of the Netherlands Antilles in October 2010, the bank was responsible for monetary policy throughout the Netherlands Antilles. When the BES islands became subject to the central bank of the Netherlands, its present name was adopted.
The bank is expected to replace the Netherlands Antillean guilder with the Caribbean guilder in the coming years.
There has been controversy around CBCS, regarding corruption and nepotism[unreliable source?] most notably due to ex-CBCS president Emsley Tromp's connections to John Deuss and Hushang Ansary. Tromp was fired from his position in 2017.
See also[edit]
- Economy of the Netherlands Antilles
- Netherlands Antillean gulden
- De Nederlandsche Bank
- Central Bank of Aruba
- Economy of Curaçao
- Dutch Caribbean Securities Exchange
- Central banks and currencies of the Caribbean
- List of financial regulatory authorities by jurisdiction
- List of central banks
References[edit]
- ^ "In 175 years the Bank has evolved from a near dormant institution in the nineteenth century to a vibrant organization able to adapt to the ever changing financial world in the twenty-first century". centralbank.an. 2003-02-01. Archived from the original on 2019-05-09. Retrieved 2013-12-06.
External links[edit]
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