Learn about Aruba offshore banking and opening an Aruba offshore bank account. You will find details on the banking system and its governing body, as well as a list of local and international banks that are operating in Aruba.
The “Centrale Bank van Aruba” is a legal entity in itself with an autonomous position within Aruba’s public sector. It started its operations on January 1, 1986 and, at the same time, the Aruban Florin (Af) was brought into circulation, pegged to the US dollar at an exchange rate of Af 1.79 to US$ 1.00. This rate has remained unchanged since then.
The principal tasks of the CBA are to conduct monetary policy, supervise the financial system, issue bank notes and coins on behalf of the government, act as the banker for the government, act as the central foreign exchange bank and, as such, regulate the flow of payments to and from other countries and to advise the Minister of Finance on financial matters.
The central 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, 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.
Other financial institutions
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