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Central Bank of Curaçao

 

Central Bank of Curaçao Logo

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 of the former Netherlands Antilles. The Bank’s most important objectives are to maintain the external stability of the Netherlands Antillean guilder (NAf.) and to promote the efficient functioning of the financial system in the Countries Curacao and St. Maarten. To realize these objectives, the Bank, as supervisory authority, has frequently recurred to credit control measures and/or to changing the discount rate.

 

The functions of the Bank, explicitly summed up in the Bank Charter, are;

First, the Bank is the only institution entitled by law to issue paper money in the Countries Curacao and St. Maarten. The Bank also is charged with the circulation of coins.
 

Second, the Bank supervises banking and credit institutions to guarantee depositors and other creditors funds at banking and credit institutions in particular and the soundness of the financial sector in general.

Third, the Bank manages the foreign exchange reserves of the Netherlands Antilles, which includes regulating of the transfer of payments between residents and nonresidents of the Countries Curacao and St. Maarten.

Finally, the Bank acts as the government’s treasurer by receiving and making payments from and to the public through the tax collector’s accounts at the Central Bank.

The prudential supervision of banking and credit institutions is aimed at controlling the soundness of the financial system in the Countries Curacao and St. Maarten and at safeguarding the deposits of creditors at commercial banks. This supervision is pursued mainly through the Bank’s analysis of the solvency and liquidity development of banking and credit institutions.
 

Central Bank of Curaçao HQ Location Map

Central Bank of Curaçao
HQ Address: Simon Bolivar Plein 1
Willemstad
Curacao
Telephone: + 599 9 434-5500
Facsimile: + 599 9 461-5004
Website: www.centralbank.an
Email: info@centralbank.an
Currency: Guilder
Banking Hours:
Monday - Friday : 8.00am - 3.30pm
 

 

Similar to other Central Banks in the world, the functions of Central Bank of Curaçao and Sint Maarten include providing banking services to the Government of Curaçao and Sint Maarten and financial institutions, issuing the domestic currency, regulating commercial banks and other financial institutions, providing economic advice to the Government, conducting research and publishing information on monetary and other economic developments. Only notes and coins issued by the Central Bank shall be legal tender in Curaçao and Sint Maarten.
 
 

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