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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 ...
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Aruban florin. Aƒ, ƒ, Afl. [1] . Joh. Enschedé. The florin ( Dutch: [floːˈrɪn]; sign: Afl.; code: AWG) [1] or Aruban guilder is the currency of Aruba. It is subdivided into 100 cents. The florin was introduced in 1986, replacing the Netherlands Antillean guilder at par. The Aruba currency exchange rate for U.S. dollars is Afl 1.77 for ...
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Jane Semeleer. Jeanette Semeleer is an Aruban economist who has been the president of the Central Bank of Aruba since 2008. [1] As president of the bank, Semeleer oversaw a seven-year enterprise to redesign the Aruban florin banknotes in partnership with Crane Currency. The new banknotes, first issued in 2019, are decorated with the indigenous ...
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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 in Aruba. Other primary industries include oil refining and storage, as well as offshore banking.