Centrale Bank van Curacao en Sint Maarten

We promote a sound financial system by operating in an innovative, efficient, effective and reliable manner.

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

In the monetary union, 78.650 persons have a pension plan. Of these, 55% is enrolled with pension funds and the remaining 45% with insurance institutions.

For more facts about our pension landscape, click this link: https://t.co/q8nNxloNhN

#curacao #sintmaarten #cbcs #pension

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

"In a fast-changing world, the core principle of “same activity, same risk, same regulation” only works when the supervisor is pro-actively engaging with the Fintech sector", CBCS president Doornbosch at the CRCA conference in Sint Maarten.

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

For many, the seahorses are their favorite! The Longsnout Seahorse on the new 200 banknote, can reach a length of 10 centimeters to 15 centimeters. Fun fact: Seahorses can move their eyes independently!

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

The Economic Bulletin of September 2024 is now available on our website!

The bulletin provides the CBCS' macroeconomic projections on economic growth, inflation, public finances, and the balance of payments.
https://t.co/LaRKjBpRrd

#curacao #sintmaarten

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

The CBCS decided to ease its monetary policy stance by reducing the pledging rate by 0.50 percentage point to 5.25%. This decision is based on the solid and stable foreign exchange position and import coverage in the monetary union, and the expected reduction of the fed rate.

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

Don't you just turt-ally love the new 50-guilder banknote? The Green Sea Turtle is found in all tropical and subtropical seas around the world, including the Caribbean.
Visit https://t.co/fnsw7NeZvF to find out what else is on the 50-guilder banknote.

#curacao #sintmaarten #xcg

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

July 1, a teaser campaign will be launched by the CBCS to build curiosity for the new currency, the Caribbean guilder. People from Curaçao and Sint Maarten will express their excitement for what they have seen. Stay tuned! On August 22, the design will be revealed to you too!

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

The CBCS decided to maintain its current monetary policy unchanged at 5.75%, which is 25 basis points above the Fed funds rate.

Click here for the official press release: https://t.co/YAcQMZSbnX

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

The CBCS is conducting a study to deepen the understanding of the microcredit market in Curaçao. Businesses that have obtained a microcredit loan will be requested to participate in an online survey.

More info: https://t.co/ce14ViiJ7G

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

The CBCS, Gaming Control Board, and the FIU in Curaçao continue their commitment to the fight against money laundering and the financing of terrorism & proliferation. To formalize their collaboration, on May 10, 2024, they entered into a MMoU.

https://t.co/pY1VRPCgbr

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

The Financial Stability Report (FSR) brings a comprehensive overview of the state of the financial institutions in the monetary union during 2023, the challenges they encountered and the trends and developments that potentially affect the financial system.
https://t.co/x6KR4zAk7K

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

The CBCS has been upgrading its risk monitoring systems and technical capacities to stay up to date with global developments. Identifying risks in an early stage enables the CBCS to resort to timely policy action.

https://t.co/nwRK7dveHr

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

Rising geopolitical conflict, cybercrime, and climate change are among the most pronounced risks faced by the financial sector of the monetary union during 2023.

https://t.co/6K5VgXIe1E

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

The CBCS decided to keep its current monetary policy unchanged by leaving the #pledgingrate at 5.75%. This decision is based on the market expectations that the Fed will leave its target policy rate unchanged amid the declining trend in U.S. inflation.

https://t.co/bjfNGGBPet

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

Do you want to know when the CBCS’ next Economic Bulletin or the Financial Stability Report will be available?

Check out the 2024 advance release calendar for the exact publication dates of our different recurring publications: https://t.co/zNgO1mHWgK

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

The Caribbean Guilder will be introduced on March 31, 2025. The Centrale Bank van Curaçao en Sint Maarten (CBCS) apologizes for any confusion regarding the introduction date caused by the publication of the 2022 Annual Report on December 29 of last year.

https://t.co/cqdf9zWTSX

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

The analysis in the December 2023 Monetary Policy Report was used to support the Monetary Policy Committee in its latest decision to leave the pledging rate unchanged at 5.75%.

December 2023 Monetary Policy Report: https://t.co/4bz8eBUA0z

[Centrale Bank van Curacao en Sint Maarten @cbcs_cur]

How do commercial real estate loans relate to financial stability within the monetary union? The latest CBCS Financial Stability note examines whether these loans pose a risk to our jurisdiction's banking sector.

https://t.co/unraVA69q1