All about Central Bank of Curacao and Sint Maarten

Central Bank_front
By Edition On Monday, July 10th, 2017
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All Supervisory Board Members Central Bank requested to resign

WILLEMSTAD - All five Members of the Supervisory Board of the Central Bank of Curaçao and Sint Maarten have been requested to make their position available. This is according to the Minister of Finance, Kenneth More...

Age Bakker
By Edition On Wednesday, June 28th, 2017
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Lack of confidence disastrous for economy

WILLEMSTAD - Economic growth on Curacao is stagnant due to lack of confidence. This is according to the outgoing Chairman of the Committee for Financial Supervision Age Bakker. This has to do with paying too little More...

WIB
By Edition On Wednesday, June 7th, 2017
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Bank Deposit Guarantee System for public entities

THE HAGUE - The Dutch Government will institute a so-called Deposit Guarantee System for Bonaire, St. Eustatius and Saba to create more security for bank clients on the islands. In case of bankruptcy of a bank, More...

Giro Bank
By Edition On Thursday, June 1st, 2017
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Court’s ruling will not affect Giro Bank’s services

WILLEMSTAD – In a press release, the Giro Bank officially reacted to the news about the ruling of the Court of Appeal on the bankruptcy case of Giro Holdings. The press release indicates that on May 23, 2017, More...

Central Bank_front
By Edition On Wednesday, May 31st, 2017
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Minister of Finance: “Central Bank is one of my priorities!”

WILLEMSTAD - The situation at the Central Bank of Curaçao and St. Maarten (CBCS) is a priority for Curaçao’s recently-installed new Finance Minister Kenneth Gijsbertha (MAN). He wants to restore peace and order. CBCS More...

Central Bank_front
By Edition On Wednesday, May 24th, 2017
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CBCS warns consumers of One Life related entities

WILLEMSTAD, PHILLIPSBURG - The Central Bank said buying, holding or trading virtual currencies or other digital value units, also called cryptographic currencies, have many and large risks associated with them. Since More...

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...