Regulatory Alerts2015-02-05 | cba-blob-10398State Ordinance on Exchange Rate Margin Compensation for the Centrale Bank van Aruba
The Centrale Bank van Aruba issues this State Ordinance to mandate monthly exchange rate margin compensation payments from authorized foreign exchange banks. The compensation is calculated as 3/8 percent of sales transaction equivalents minus 1/8 percent of purchase transaction equivalents, with the Central Bank empowered to adjust these rates via State Decree. The regulation establishes strict reporting deadlines, supervisory inspection powers, and penal provisions including daily fines and imprisonment for non-compliance.
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