No need for Sint Maarten CB: Antilles's Tromp

Sint Maarten, a tiny Caribbean island, scheduled to become a country on 15 December, should not set up its own supervisory authority nor have its own monetary policy, said Emsley Tromp, the president of the Bank of the Netherlands Antilles.

The dollar is used so widely that official dollarisation is a feasible alternative, said Tromp.

Its own supervisory authority would suffer from economies of scale as the smallness of the economy would not generate enough income to cover the operational costs

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