WILLEMSTAD, PHILIPSBURG - The recently appointed President of the Central Bank of Curaçao and St. Maarten (CBCS) Mr. Bob Traa has resigned due to personal circumstances. He announced this in writing on 28 November 2019 to the Supervisory Board of the Central Bank (Supervisory Board). The

In a press statement, the Supervisory Board says it regrets, but respects Mr. Traa's decision.

In the short time that he held the position of President of the Central Bank of Curaçao and Sint Maarten, Mr Traa meant a lot to the Bank, the Supervisory Board said in their press release.

“Mr Traa, for example, has given more substance to the elaboration of macroeconomic issues with specific attention to the specificities of each of the countries of Curaçao and Sint Maarten because of his broad knowledge and experience. Through his management style, he managed to bring colleagues from the different disciplines together and involve them in the decision-making process. He knew how to handle the many challenges facing the Bank. He went in a friendly manner and with respect to the colleagues.”

Mr Traa will resign from his position on 31 December 2019. The Supervisory Board indicates that they will seek a replacement for Mr. Traa and will communicate this in the appropriate time.