Hassink to Curacao for talks about Central Bank

POSTED: 04/15/14 1:08 AM

St. Maarten – Finance Minister Martin Hassink will visit Curacao next week for a final meeting about the report from Price Waterhouse Coopers about the Central Bank, Prime Minister Wescot-Williams said yesterday.

Curacao has indicated its wish to have its own Central Bank and therefore to step out of the troubled monetary union with St. Maarten, but Wescot-Williams has apparently other ideas. “We are keen on further expansion of Central Bank activities in St. Maarten.”

The process to dismantle the monetary union “will be carried out jointly” the prime minister said, though St. Maarten has not taken a formal position on this issue yet. Before going any further, the government will submit its position on the Central Bank to the Parliament.

The Government in Curacao sticks to a motion its Parliament passed already in 2011. That motion declared the country’s wish to have its own Central Bank. “The government in Curacao stands by that decision,” Wescot-Williams said.

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