At GBO, we understand the importance of staying informed and providing our clients with the most up-to-date information.


We have prepared an in-depth research report on the Central Bank of Curacao.


The Central Bank of Curacao (CBC) is the primary monetary authority responsible for maintaining monetary stability and financial stability in the country. Established in [year], the CBC plays a crucial role in regulating and supervising financial institutions operating in Curacao.


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    The Central Bank of Curacao

    Our research report on the Central Bank of Curacao covers various aspects, including its history, functions, and regulatory framework. We delve into the CBC’s role in formulating and implementing monetary policy, its supervision of banks and other financial institutions, and its efforts to ensure the stability and integrity of the financial system.


    Furthermore, we analyze the CBC’s role in supporting economic growth and development in Curacao. This includes its initiatives to foster a stable and secure financial environment, promote financial inclusion, and encourage the growth of the banking sector. Our research report also examines the CBC’s regulatory framework for the gaming and crypto industries. As these sectors are significant contributors to Curacao’s economy, we provide insights into the CBC’s licensing requirements, compliance standards, and ongoing efforts to regulate and supervise these industries effectively.


    With a strong presence in Curacao for over 10 years, GBO has established itself as a leader in the industry, particularly in the gaming and crypto licensing sectors. Our expertise in navigating the regulatory landscape and our deep understanding of the intricacies involved in company formation have earned us the trust of numerous clients.


    Whether you are a startup, an established corporation, or an entrepreneur looking to venture into the world of gaming or crypto, GBO is here to guide you every step of the way. We offer tailor-made solutions designed to meet your specific requirements, ensuring that you receive the highest level of service and support.

    Curacao and Saint Martin’s monetary authority

    Curacao and Saint Martin’s monetary authority is the Central Bank of Curacao and Sint Maarten (CBCS). It serves as the central bank, implementing monetary policy, issuing currency, and supervising financial institutions in both jurisdictions.

    Following the dissolution of the Netherlands Antilles in 2010, the CBCS was established. The predecessor of the bank, the Bank of the Netherlands Antilles, had been in operation since 1828.


    Review of the CBCS

    The CBCS maintains the stability and integrity of the financial systems in Curaçao and Sint Maarten. It formulates and implements monetary policy to promote price stability, maintain the external value of the currency, and support the long-term economic growth of both nations.


    Services Provided by CBCS

    The CBCS is responsible for establishing and implementing monetary policy measures to control inflation and promote economic stability. This includes interest rate management, open market operations, and money supply regulation. CBCS is the sole issuer of the Netherlands Antillean guilder (ANG), which is the official currency of Curacao and Sint Maarten. It manages the circulation and integrity of banknotes and coins and ensures a sufficient supply of currency to meet the needs of the economy.


    CBCS  Supervision

    Within its jurisdiction, the CBCS supervises and regulates banks and other financial institutions. It ensures compliance with prudential regulations, monitors the financial health and stability of supervised institutions, and conducts on-site inspections. The CBCS supervises a variety of financial institutions, such as commercial banks, credit unions, trust offices, and money transfer businesses. These institutions are subject to regular oversight to ensure compliance with financial regulations and protect depositors’ and stakeholders’ interests.



    The Central Bank of Curacao and Sint Maarten (CBCS) supervises a variety of financial institutions within its jurisdiction. While I do not have access to an up-to-date list of supervised institutions, I can provide an overview of the types of institutions that the CBCS typically oversees.


    Commercial Banks: The CBCS supervises commercial banks operating in Curacao and St. Maarten. These banks offer an extensive array of financial services, such as deposits, loans, and other banking products.

    Here is a list of some commercial banks that have operations in Curaçao and Sint Maarten:


    1. Maduro & Curiel’s Bank (MCB)
    2. Banco di Caribe
    3. Amicorp Bank
    4. RBC Royal Bank
    5. Orco Bank
    6. Girobank
    7. Republic Bank
    8. CIBC FirstCaribbean International Bank
    9. Aruba Bank
    10. Vidanova Bank

    Sint Maarten:

    1. Windward Islands Bank (WIB)
    2. RBC Royal Bank
    3. Banco di Caribe
    4. Republic Bank
    5. CIBC FirstCaribbean International Bank
    6. Maduro & Curiel’s Bank (MCB)
    7. PSB Bank
    8. Sint Maarten Development Bank


    Credit Unions: The CBCS may also supervise credit unions, which are financial cooperatives owned by their members. Credit unions primarily provide savings accounts, loans, and other financial services to meet the financial needs of their members.


    Trust offices: The CBCS regulates trust offices that offer trust and fiduciary services, such as company formation, asset management, and estate planning. These institutions play a crucial role in the management and protection of client assets.

    Here is a list of some trust offices operating in Curaçao and Sint Maarten:


    1. Intertrust Curaçao
    2. Amicorp Curaçao
    3. Citco Curaçao
    4. TMF Curaçao
    5. Vistra Curaçao
    6. Trident Trust Curaçao
    7. ATC Curaçao
    8. Curaçao International Trust Company (CITCO)
    9. BDO Curaçao Trust & Management
    10. SGG Curaçao

    Sint Maarten:

    1. Vistra Sint Maarten
    2. ATC Sint Maarten
    3. TMF Sint Maarten
    4. Deloitte Sint Maarten
    5. SGG Sint Maarten
    6. Trident Trust Sint Maarten


    Money Transfer Companies: Also known as remittance service providers, money transfer companies facilitate the transfer of funds between individuals and countries. In order to ensure compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations, the CBCS may oversee these businesses.

    Frequently Asked Questions


    What is the legal basis of the Central Bank?

    The legal basis for the Central Bank’s actions lies in the Central Bank Statute for Curacao and Sint Maarten, AB 2010, no. 85 (Curacao) and Central Bank Statute for Curacao and Sint Maarten, AB 2010 GT, no. 24 (Sint Maarten). These statutes establish the Central Bank as a legal entity governed by public law.


    How is the supervision of the Central Bank regulated?

    The Central Bank is supervised by a Board of Supervisors, which oversees the activities of the Central Bank’s Board of Directors and the resources entrusted to the institution. The Chairman of the Supervisory Board is appointed and dismissed by the government of Curaçao and Sint Maarten. Additionally, the Board of Supervisors appoints an external auditor responsible for financial supervision of the Central Bank.


    What are the tasks and responsibilities of the Central Bank?

    The Central Bank carries out the following tasks and responsibilities:

    • Issuing currency: The Central Bank is the only institution authorized to issue coins and paper money in Curacao and Sint Maarten.
    • Banking supervision: The Central Bank supervises banking and credit institutions in Curacao and Sint Maarten to safeguard the funds of depositors and other creditors, ensuring the stability of the financial sector.
    • Foreign exchange management: The Central Bank manages the foreign exchange reserves of Curacao and Sint Maarten, including regulating payment transfers between residents and non-residents.
    • Treasury services: The Central Bank can serve as the treasurer for both the Governments of Curacao and Sint Maarten, managing their financial operations.

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