Central Bank of Aruba - Open Swiss Banking Account

Go to content

Main menu:

Central Bank of Aruba

Bank Account > central banks

The Bank is a legal entity in itself within the public sector. Its main purpose is to maintain the internal and external value of the Aruban florin, and to promote the soundness and integrity of the financial system.
The Centrale Bank van Aruba (the Bank) started its operations on January 1, 1986, when Aruba obtained its status as an autonomous country within the Kingdom of the Netherlands. Prior to this period, Aruba formed part of the Netherlands Antilles under jurisdiction of the Bank of the Netherlands Antilles.

The bank is a legal entity in itself (sui generis) with an autonomous position within Aruba's public sector. With the inception of the bank, the Aruban florin was brought into circulation at the same rate as the Netherlands Antillean guilder, pegged to the U.S. dollar at a rate of Afl. 1.79 (= 1 NAf.) = US$1.00. This exchange rate has remained unchanged since then.

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.

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

The economy of Aruba is an open system, with tourism currently providing the largest percentage of the country's income. Because of tourism's rapid growth in the last 80 years, related industries like construction have also flourished. Other primary industries include oil refining and storage, as well as offshore banking. Although the island's poor soil and low rainfall limit its agricultural prospects, aloe cultivation, livestock, and fishing contribute to Aruba's economy. In addition, the country also exports art and collectibles, machinery, electrical equipment, and transport equipment. Aruba's small labor force and low unemployment rate have led to a large number of unfilled job vacancies, despite sharp rises in wage rates in recent years.

With such a large part of its economy dependent on tourism, the Aruban government is striving[citation needed] to increase business in other sectors to protect against possible industry slumps. Their current focus is on expanding technology, finance, and communications

Note: SWIFT is a trademark of S.W.I.F.T. SCRL. S.W.I.F.T. SCRL is headquartered at Avenue Adele 1, B-1310 La Hulpe, Belgium. We are not affiliated with S.W.I.F.T. SCRL in any manner and we are not the official source of SWIFT codes. We are focused on Offshore Bank related information. Please visit the SWIFT website for official information on SWIFT codes. 

Swift codes of ARUBA BANK, LTD

SWIFT Code Equivalent SWIFT/BIC Codes SWIFT Code Breakdown Bank Name & Address Branch Name
Bank code: ARUB
Country Code: AW
Location Code: AX
Branch Code : XXX








Directory of Offshore Bank

Privacy Policy for http://www.swissbankingaccounts.com If you require any more information or have any questions about our privacy policy, please feel free to contact us by email at policy2k@gmail.com. At http://www.swissbankingaccounts.com, the privacy of our visitors is of extreme importance to us. This privacy policy document outlines the types of personal information is received and collected by http://www.swissbankingaccounts.com and how it is used. Log Files Like many other Web sites, http://www.swissbankingaccounts.com makes use of log files. The information inside the log files includes internet protocol ( IP ) addresses, type of browser, Internet Service Provider ( ISP ), date/time stamp, referring/exit pages, and number of clicks to analyze trends, administer the site, track user’s movement around the site, and gather demographic information. IP addresses, and other such information are not linked to any information that is personally identifiable. Cookies and Web Beacons http://www.swissbankingaccounts.com does use cookies to store information about visitors preferences, record user-specific information on which pages the user access or visit, customize Web page content based on visitors browser type or other information that the visitor sends via their browser. DoubleClick DART Cookie .:: Google, as a third party vendor, uses cookies to serve ads on http://www.swissbankingaccounts.com. .:: Google's use of the DART cookie enables it to serve ads to users based on their visit to http://www.swissbankingaccounts.com and other sites on the Internet. .:: Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy at the following URL - http://www.google.com/privacy_ads.html Some of our advertising partners may use cookies and web beacons on our site. Our advertising partners include .... Google Adsense These third-party ad servers or ad networks use technology to the advertisements and links that appear on http://www.swissbankingaccounts.com send directly to your browsers. They automatically receive your IP address when this occurs. Other technologies ( such as cookies, JavaScript, or Web Beacons ) may also be used by the third-party ad networks to measure the effectiveness of their advertisements and / or to personalize the advertising content that you see. http://www.swissbankingaccounts.com has no access to or control over these cookies that are used by third-party advertisers. You should consult the respective privacy policies of these third-party ad servers for more detailed information on their practices as well as for instructions about how to opt-out of certain practices. http://www.swissbankingaccounts.com's privacy policy does not apply to, and we cannot control the activities of, such other advertisers or web sites. If you wish to disable cookies, you may do so through your individual browser options. More detailed information about cookie management with specific web browsers can be found at the browsers' respective websites.
Back to content | Back to main menu