GREAT BAY, Sint Maarten (GIS) – Honorable Prime Minister Sarah Wescot-Williams, announced on Sunday that the exchange of information and dialogue with respect to dollarization will continue this week when President of the Central Bank of Curacao & Sint Maarten makes a presentation on the aforementioned matter.
Last week Thursday, the Council of Ministers met with the Banker’s Association and the Foundation Tax Committee at the invitation of the Council for a pre-discussion in preparation for a meeting with the Central Bank.
Out of the Thursday meeting, according to the Prime Minster, there were several questions relating to the functioning of the Central Bank for Curacao and Sint Maarten.
The aforementioned two groups have been invited to be present at a meeting with the Central Bank of Curacao and Sint Maarten on Monday, January 17.
The Council has also requested that several government departments prepare discussion papers relating to their area of interest, e.g. fiscal affairs, economic affairs and the Bankers’ Association and the Tax Committee have also been asked to submit discussion papers.
"Clearly dollarization is a matter that can only be decided after due consideration, however given that the intention is that by 2012 a decision will be made, there is also urgency.
"Since neither Curacao or Sint Maarten has decided not to pursue the joint agreement regarding the monetary system, the question regarding currency also needs to take Curacao’s position into consideration," Hon. Prime Minister Wescot-Williams told the Government Information Service (GIS) on Sunday.