The Centrale Bank van Curaçao en Sint Maarten (CBCS) is undergoing modernization, in which improving transparency is a core component. The fallout from the failures—in the 2010s—of two large institutions under the CBCS’s supervision dented public trust in the central bank. Alongside improved internal governance and regulatory reforms, enhanced transparency is being used as a key tool to strengthen the CBCS’s reputation and institutional credibility. As the central bank for two nations within a monetary union (MU), CBCS faces demands for strong communication and engagement with stakeholders across both jurisdictions.
A 2026 study studied this question.