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The Banks most important objectives are to maintain the external stability of the Netherlands Antillean guilder (NAf.) and to promote the efficient functioning of the financial system in the Countries Curacao and St. Maarten. To realize these objectives, the Bank, as the supervisory authority, has frequently recurred to credit control measures and/or to change the discount rate. The functions of the Bank, explicitly summed up in the Bank Charter, are; First, the Bank is the only institution entitled by law to issue paper money in the Countries Curacao and St. Maarten. The Bank also is charged with the circulation of coins. Second, the Bank supervises banking and credit institutions to guarantee depositors and other creditors funds at banking and credit institutions in particular and the soundness of the financial sector in general. Third, the Bank manages the foreign exchange reserves of the Netherlands Antilles, which includes regulating of the transfer of payments between residents and nonresidents of the Countries Curacao and St. Maarten. Finally, the Bank acts as the governments treasurer by receiving and making payments from and to the public through the tax collectors accounts at the Central Bank.
Founded in 1947 in Milan, Italy RUPES has been an producer of innovative specialty tools for over 70 years. RUPES USA is the North American arm of the Italian based tool manufacturer located in Louisville, Colorado. This location operates as the headquarters for all North American based activities including management, sales, customer support, repair, and manufacturing. In addition to the administrative and business functions of the US headquarters the Colorado location also houses a state of the art training and education facility known as the BigFoot Academy where technicians from a variety of industries can come for industry leading training in a number of disciplines centered on sanding and polishing operations. Visitors to our facility are welcome by appointment only, but we encourage you to contact our US offices via email at info@rupesusa.com to schedule a visit or on-site tour of our new home.