Semeleer: Pegged currency system not broken, no need to fix with dollarization
PHILIPSBURG--“If it ain’t broke, don’t fix it.†This was the view of Aruba Central Bank President Jeanette Semeleer on discussions about the option of dollarization for St. Maarten. She was speaking at an Advisory Council symposium on the advantages and disadvantages of dollarization, held at University of St. Martin (USM) on Thursday evening.
Semeleer told the audience, which included public and private sector representatives: “Islands [Aruba, Curacao and St. Maarten] have done well under the pegged-currency regime†and dollarization is “not one-size-fit-all†option for countries.
A country, such as St Read more
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