WILLEMSTAD/PHILIPSBURG:--- The current exchange rate arrangement of the monetary union of Curaçao and Sint Maarten has been a regular subject of debate over the years. The country packages of reforms (Landspakketten) for Curaçao and Sint Maarten brought the topic back to the fore. The packages included the requirement that a study be done by an independent party on the societal costs of their own currency versus dollarization. This study is included in the Staff Report of the IMF’s 2021 Article IV Consultation of Curaçao and Sint Maarten. Considering the current interest in the topic, the Centrale Bank van Curaçao en ...
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