Published: 28 April 2021
WILLEMSTAD/PHILIPSBURG:--- The management of the monetary union of Curaçao and Sint Maarten’s gold reserves has been the subject of public discussion in recent days, following questions from Member of Parliament Cooper to the Minister of Finance of Curaçao about a potential gold sale. The CBCS is considering the possibility of replacing a limited part of the gold reserve with other assets to optimize the composition and effectiveness of the official reserves. The IMF is the global expert in this area, and it is for this reason that the CBCS has sought its assistance. The CBCS expects decision-making on this issue to be finalized around summer. With this press release, the CBCS wishes to emphasize that it will not take any decisions through which the stability of the guilder would not be guaranteed.