The Centrale Bank van Aruba was established on January 1, 1986 after Aruba was declared an autonomous country within the Kingdom of Netherlands. The bank has an autonomous position within Aruba's public sector and is a legal entity in itself.
As the bank initiated its operations, the Aruban florin was brought into circulation and was pegged to the US dollar.
The Central Bank of Aruba strives to maintain the internal and external value of the florin and promote security and integrity of the Aruban financial system. The Central Bank Ordinance lists out the under mentioned functions to be carried out by the bank:
The bank carries out the above-mentioned functions through various activities like