Regulatory Alerts2025-04-01 | cba-blob-17658Decree on Foreign Exchange Transactions 24/K.1 Regarding Capital Transactions
The Centrale Bank van Aruba issued Decree 24/K.1 to grant residents general licenses for foreign capital transactions, covering bank transfers, real estate dealings, and precious metal imports. The regulation sets annual caps of Afl. 600,000 for natural persons and Afl. 1,500,000 for other residents, requiring transactions to route through local foreign exchange banks or notified accounts with immediate written reporting for alternative channels. Revoking the prior 2022 decree, these measures take effect on January 1, 2024, while preserving the CBA’s discretionary power to intervene if Aruba’s foreign exchange reserves are impacted.
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