Published On: Fri, Dec 20th, 2013

Curacao and St. Maarten: Reserves on an upswing

Central BankWILLEMSTAD - The Central Bank’s Net Official Reserve position has strengthened over the past few months, probably as a result of tight monetary policy and a credit freeze which has been in place for over one year.

The planned fiscal tightening, however, as of Q1 2013, was not fully realized. Net Official Reserves are projected to strengthen further to November 2013, and we currently estimate import cover at 3.1 months.

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