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PB2024-004 Optimal Composition of the Official Reserves of the CBCS

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Willemstad/Philipsburg – WILLEMSTAD/PHILIPSBURG — The Centrale Bank van Curaçao en Sint Maarten (CBCS) recently sold 30% (125,000 out of a total of 420,394,993 fine troy ounces) of its total gold reserves in order to enhance its resilience and increase revenues, investing the proceeds in fixed income securities (U.S. government bonds). This optimization of the composition of the official reserves and the resulting increase in revenues will have a positive effect on the CBCS's results and the targeted annual dividend payment to Curaçao and Sint Maarten pursuant to Article 40 of the Bank's Charter.

Last updated: 06.06.2024 16:06