All about Central Bank of Curacao and Sint Maarten

Central Bank_front
By Edition On Thursday, May 11th, 2017
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Impasse on extending term of Central Bank Managing Director

PHILLIPSBURG, WILLEMSTAD - The members of the Supervisory Board of the Central Bank of Curaçao and St. Maarten (CBCS) are at an impasse about extending the term of one of its soon-to-be retiring managing directors. The More...

AlexRosaria
By Edition On Wednesday, May 10th, 2017
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‘Central Bank must tackle loan sharks’

WILLEMSTAD - In a letter to the Central Bank, former Member of Parliament and former PAIS leader Alex Rosaria proposes that a legal maximum interest rate on loans is required to dampen the debt issues that are perceived More...

Central Bank
By Edition On Saturday, May 6th, 2017
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Cooperation needed

Today’s news that the Central Bank of Curaçao and St. Maarten (CBCS) amended the annual percentage rate (APR) is quite interesting. It regards all costs charged for credit. The move is intended to protect consumers More...

Central Bank_front
By Edition On Saturday, May 6th, 2017
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Central Bank to cap rates at 27 per cent

WILLEMSTAD/PHILIPSBURG -A maximum annual percentage rate (APR) will be included as of May 5 in the Provisions on the Disclosure of Pricing Information on Consumer Credit (APR provisions), which became effective More...

Tromp (1)
By Edition On Friday, May 5th, 2017
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Press release President of Central Bank Emsley Tromp

WILLEMSTAD - Today, the Public Prosecutor announced that Mr. Emsley Tromp, President of the Central Bank of Curaçao and Sint Maarten, will be prosecuted for tax fraud. Though Tromp believes that the legal discussion More...

Coin
By Edition On Wednesday, April 26th, 2017
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Silver King Willem-Alexander Commemorative Coin

WILLEMSTAD - The first commemorative coin of the year 2017 has a royal theme. On the occasion of the 50th birthday of HM King Willem-Alexander the Centrale Bank van Curaçao en Sint Maarten (CBCS) has issued a More...

Coins
By Edition On Wednesday, April 12th, 2017
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Central Bank: Fake five guilder coins in circulation

WILLEMSTAD - The Central Bank of Curaçao and Sint Maarten has determined that there are fake 5 guilder coins in circulation. This is about counterfeit coins with the year 1998 and 1999. These coins are slightly More...

Central Bank_front
By Edition On Wednesday, March 29th, 2017
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Central Bank: Increasing lending rate

WILLEMSTAD - On March 15, 2017, the U.S. Federal Reserve raised the federal funds rate to 0.75 - 1.00%. This was the third increase since the historically low level of 0.00 to 0.25%, which was used from December More...

Emsley Tromp
By Edition On Monday, March 27th, 2017
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Tromp set to file appeal against screening results

PHILIPSBURG, WILLEMSTAD - Embattled President of the Central Bank of Curaçao and St. Maarten Emsley Tromp intends to challenge attempts to remove him from his top post in Court. Tromp, according to Finance Minister More...

Tromp (1)
By Edition On Thursday, March 23rd, 2017
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President of Central Bank Emsley Tromp failed screening

WILLEMSTAD, PHILLIPSBURG - The President of the Central Bank Emsley Tromp failed the screening process. This was announced by the Minister of Finance of Sint Maarten, Richard Gibson at the Council of Minister's More...