Regulatory Alerts2021-01-12 | cba-blob-10250State Ordinance Foreign Exchange Transactions
The Government of Aruba, administered by the Central Bank of Aruba, establishes a regulatory framework governing foreign exchange and capital transactions for residents and non-residents. The ordinance mandates that residents promptly sell or deposit foreign monetary instruments and securities, restricts unlicensed capital transactions with non-residents, and empowers the Central Bank to grant licenses or exemptions for specified payment activities. Designated civil officers supervise compliance, and violations trigger administrative cost recovery, license withdrawals, or criminal penalties including imprisonment and fines.
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