No Devaluation of Guilder. Increase in license fee will make imports more expensive | SOUALIGA NEWSDAY

SINT MAARTEN/CURACAO – The statement made by the Curaçao Business Association (VBC) in their press release of January 14, 2020, that an increase in the license fee, as proposed by the Government of Curaçao, would imply a devaluation of the Netherlands Antillean guilder, is incorrect, the Central Bank of Curacao and Sint Maarten (CBCS) said in a press statement on Thursday.

“An increase of the license fee will make the import of goods and services more expensive, but this is also the case when import duties or other taxes at the border are introduced or increased. A devaluation implies a change in the peg of the Netherlands Antillean guilder to the US dollar, which is not the case.”

Source: Souliga Newsday