The foreign exchange regulations in the countries of Curacao and Sint Maarten are based on the Foreign Exchange Regulation Curacao and Sint Maarten (2010). According to this regulation, current transactions are free in principle, while capital transactions require a license.
Although capital transactions are bound by a license, several foreign exchange notifications have been issued by the Bank that have liberalized most capital transactions. The Bank applies a liberal licensing system with respect to capital transactions: licenses normally are granted upon request.
The general foreign exchange policy is vested with the governments of the countries of Curacao and Sint Maarten. The Bank is charged with executing the foreign exchange regulations and managing the available foreign exchange reserves for account and risk of the governments. Therefore, the Bank is empowered to grant licenses and exemptions by virtue of the Foreign Exchange Regulation Curacao and Sint Maarten (2010).
Information on the foreign exchange regulations can be found through the following links: