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Central Bank of Aruba

 

Central Bank of Aruba Logo

The Central Bank of Aruba (Dutch: Centrale Bank van Aruba) is a central bank in Aruba responsible for implementation of monetary policy of the Aruban florin. The principle tasks of the Bank are to maintain the internal and external value of the florin and to promote the soundness and integrity of the financial system, accomplished by motivated and qualified employees for the general benefit and well-being of the people of Aruba.

 
 

The principal tasks of the Bank, as stipulated in the Central Bank Ordinance (A.B. 1991 No. GT 32), are to: Conduct monetary policy; Supervise the financial system; Issue bank notes; Issue coins on behalf of the government; Act as the banker for the government; Be the central foreign exchange bank and, as such, to regulate the flow of payments to and from other countries; and to advise the Minister of Finance on financial matters.

The Bank performs these tasks through a variety of activities, which include:

 
  Formulating and implementing monetary policy and related measures through, among other things, regulating bank credit and liquidity;
  Supervising the activities of the commercial banks and other financial institutions by, inter alia, monitoring their liquidity and solvency to protect the interests of depositors and policyholders, and to maintain monetary and financial stability and integrity in Aruba;
  Managing Aruba's official gold and foreign exchange reserves;
  Regulating international payments according to the State Ordinance on foreign exchange transactions (A.B. 1990 No. GT 6);
  Bringing bank notes into circulation to meet the needs of businesses and the general public;
  Issuing treasury bills and government bonds as an agent for the government; and
  Monitoring economic and financial developments.
 

Central Bank of Aruba HQ Location Map

Central Bank of Aruba
HQ Address: J.E. Irausquin Boulevard 8
P.O. Box 18
Oranjestad
Aruba
Telephone: + 297.525.2100
Facsimile: + 297.525.2101
Website: www.cbaruba.org
BIC: CBARAWAW
Currency: Aruban Florin
Banking Hours:
Monday - Friday : 9.00am - 5.00pm

 

 

 

The CBA is a legal entity in itself (sui generis) with an autonomous position within Aruba's public sector. With the inception of the CBA, the Aruban florin was brought into circulation, pegged to the U.S. dollar at a rate of Afl. 1.79 = US$ 1.00. This exchange rate has remained unchanged since then.

The principle tasks of the CBA are to maintain the internal and external value of the florin and to promote the soundness and integrity of the financial system, accomplished by motivated and qualified employees, for the general benefit and well-being of the people of Aruba.
 

 

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