Central Bank of Curaçao and Sint Maarten

The Central Bank of Curaçao and 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 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.

Bank van de Nederlandse Antillen 2010
The building of the Bank of the Netherlands Antilles in 2010.

See also

External links

References

  1. ^ "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. Retrieved 2013-12-06.

Coordinates: 12°06′29″N 68°55′42″W / 12.1080°N 68.9284°W

Caribbean guilder

The Caribbean guilder (Dutch: Caribische gulden) is the proposed currency of the Caribbean islands, and constituent countries of the Kingdom of the Netherlands, Curaçao and Sint Maarten, which formed after the dissolution of the Netherlands Antilles on October 10, 2010. As of January 2018, the Caribbean guilder has not been introduced.Since 2018 banknotes and coins, which are not in production pending decision on the currency, now require replacement and there were only two years of Antilles guilder remaining and there was still a possibility that the islands could opt for the dollar or euro instead.

Central Bank of Aruba

The Central Bank of Aruba (Dutch: Centrale Bank van Aruba) is the central bank in Aruba responsible for implementation of monetary policy of the Aruban florin.

Central banks and currencies of the Caribbean

This is a list of the central banks and currencies of the Caribbean.

There are a number of currencies serving multiple territories; the most widespread are the East Caribbean dollar (8 countries and territories), the United States dollar (5) and the euro (4).

Surrounding countries and territories

Curaçao

Curaçao (; Dutch: Curaçao, pronounced [kyːraːˈsʌu, kuː-]; Papiamento: Kòrsou, pronounced [ˈkɔrsɔu̯]) is a Lesser Antilles island in the southern Caribbean Sea and the Dutch Caribbean region, about 65 km (40 mi) north of the Venezuelan coast. It is a constituent country (Dutch: land) of the Kingdom of the Netherlands.The country was formerly part of the Curaçao and Dependencies colony from 1815–1954 and later the Netherlands Antilles from 1954-2010, as "Island Territory of Curaçao" (Dutch: Eilandgebied Curaçao, Papiamento: Teritorio Insular di Kòrsou) and is now formally called the Country of Curaçao (Dutch: Land Curaçao, Papiamento: Pais Kòrsou). It includes the main island of Curaçao and the much smaller, uninhabited island of Klein Curaçao ("Little Curaçao"). Curaçao has a population of 149,600 (July 2017 est.) and an area of 444 km2 (171 sq mi); its capital is Willemstad.

De Nederlandsche Bank

De Nederlandsche Bank (DNB) is the central bank of the Netherlands. It is part of the European System of Central Banks (ESCB). De Nederlandsche Bank is a public limited company (Dutch: naamloze vennootschap) whose every day policy is overseen by the Governing Board. Being an NV, DNB has a Supervisory Board (Dutch: Raad van Commissarissen). In addition, there is an advisory body called the Bank Council (Dutch: Bankraad). As a public entity the DNB has a function as both part of the European System of Central Banks (ESCB) and an independent public body (Dutch: zelfstandig bestuursorgaan).

As a part of the ESCB, DNB is co-responsible for the determination and implementation of the monetary policy for the Euro area, besides being a link in the international payment system. As an independent public body, DNB exercises prudential supervision of financial institutions.

Dutch Caribbean Securities Exchange

The Dutch Caribbean Securities Exchange (DCSX) is a self-regulatory international Exchange for the listing and trading in domestic and international securities. It is a platform where companies can register for funding and investors can choose companies in which to invest. The DCSX is focused on servicing startups as well as small and medium-sized enterprises.

Economy of Curaçao

Curaçao has one of the highest standards of living in the Caribbean, ranking 46th in the world in terms of GDP (PPP) per capita and 28th in the world in terms of nominal GDP per capita. It possesses a high income economy, as defined by the World Bank. The island has a well-developed infrastructure with strong tourism and financial services sectors. Shipping, international trade, oil refining, and other activities related to the port of Willemstad (like the Free Trade Zone) also make a significant contribution to the economy. To achieve the government's aim to make its economy more diverse, efforts are being made to attract more foreign investment. This policy, called the 'Open Arms' policy, features a heavy focus on information technology companies.

Economy of Saint Martin

The economy of Saint Martin, divided between the French Collectivity of Saint Martin (north side) and the Dutch Sint Maarten (south side), is primarily driven by tourism. For more than two centuries, exports have generally been salt and locally grown commodities, like sugar.

Tourism accounts for 80% of the economy and about four-fifths of the labor force is engaged in this sector. As an island in the Caribbean Sea, Saint Martin enjoys the kind of weather and natural geography that supports tourism. Its proximity to the rest of the Caribbean has also provided economic benefits with its largest airport, Princess Juliana International Airport on the Sint Maarten side, serving as the main gateway to the Leeward Islands and the larger post-Panamax cruise ships making regular stops to the island. The island offers duty-free shopping and there are few business restrictions to hinder growth. Though the French and Dutch parts differ slightly in terms of their economies and types of tourists, they share the Caribbean's largest lagoon, which is frequented by yachts.

Nearly 1.8 million visitors came to the island by cruise ship and roughly 500,000 visitors arrived through Princess Juliana International Airport in 2013. Cruise ships and yachts also call on Saint Martin's numerous ports and harbors. Limited agriculture and local fishing means that almost all food must be imported. Energy resources and manufactured goods are also imported. The Dutch territory of Sint Maarten has the highest per capita income among the five islands that formerly comprised the Netherlands Antilles.

Hushang Ansary

Hushang Ansary (Persian: هوشنگ انصاری‎, born July 1926) is an Iranian-American former diplomat, businessman, and philanthropist. He served for eighteen years in the Iranian government prior to the Iranian Revolution including as Minister of Economic Affairs and Finance and Iran's Ambassador to the United States from 1967-1969. He has been chairman or director of companies both in Iran and in the United States.

List of central banks

This is a list of central banks.

Netherlands Antillean guilder

The Netherlands Antillean guilder (Dutch: gulden) is the currency of Curaçao and Sint Maarten, which until 2010 formed the Netherlands Antilles along with Bonaire, Saba, and Sint Eustatius. It is subdivided into 100 cents (Dutch plural form: centen). The guilder was replaced by the United States dollar on 1 January 2011 on Bonaire, Saba and Sint Eustatius. On Curaçao and Sint Maarten, the Netherlands Antillean guilder was proposed to be replaced by a new currency, the Caribbean guilder, but this has been stalled indefinitely by negotiations over the establishment of a separate central bank for Curaçao.

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