Curaçao’s long-standing decision to keep its currency firmly anchored to the US dollar is not driven by nostalgia or political preference, but by economic realism. That was the central message delivered last week by a senior official of the Central Bank of Curaçao and Sint Maarten during a public presentation on monetary policy and the future of the dollar.
In a world marked by geopolitical shifts, rising debt levels, and growing talk of “de-dollarization,” the question is increasingly raised whether Curaçao should reconsider its fixed exchange rate regime. According to the Central Bank, the answer remains clear: as long as Curaçao’s economy is overwhelmingly dollar-based, abandoning the dollar peg would introduce instability rather than independence.
