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