Meeting on CBCS profit sharing Wed.

POND ISLAND–Representatives of the St. Maarten and Curaçao Governments will meet here on Wednesday, March 14, to discuss profit sharing from the 2016 earnings of the Central Bank of Curaçao and St. Maarten (CBCS). 

  Finance Minister Mike Ferrier said this week that “hopefully we will see some funds coming our way” from the profit sharing.

  Next week’s meeting will also be the stage for the start of negotiations between the two partners on profit sharing of the 2017 earnings.

  The bank is jointly owned by the two countries-within the Dutch Kingdom. It oversees, among other things, the country’s joint currency – the Netherlands Antilles guilder. This currency was adopted by both countries after the dismantling of the Netherlands Antilles almost eight years ago. No decision has been taken by either individually or jointly by the countries on a new currency.

Source: The Daily Herald