Page 16 - AHATA

A16 LOCAL
Thursday 7 November 2019

Central Bank of Aruba:

Summary of the Monthly Bulletin of July 2019

4.3 percent in June 2019.

Government
Total government revenue
amounted to Afl. 102.3 mil-
lion in July 2019, Afl. 13.2
million more than the same
month of the previous year.
This outcome resulted from
an increase in tax revenue
(+Afl. 15.4 million) and a
decrease in nontax reve-
nue (-Afl. 2.2 million).
The expansion in tax reve-
nue was associated mainly
with increases in income
from turnover tax (+Afl. 8.9
million; introduction of the
B.A.V.P. as opposed to the
same month in 2018) and
foreign exchange tax (+Afl.
2.4 million). In contrast, in-
come from wage tax (-Afl.
ORANJESTAD — Net sales lated balance sheet items and housing mortgages ments for goods imports, di- 3.8 million) and profit tax
of Foreign exchange drives (-Afl. 28.5 million) com- (+Afl. 3.7 million), which rect investment, and other (-Afl. 2.1 million) both noted
decline in money supply. pared to the increase in were offset by lower cred- services. Net purchases of declines.
domestic credit (+Afl. 14.9 it to consumers (-Afl. 10.1 foreign exchange were
Monetary million). The growth in do- million). In addition, the primarily related to the rev- Tourism
developments mestic credit was caused growth in the net claims of enue generated from tour- Please note that figures on
Compared to June 2019, by expansions in both the the banking sector on the ism services. tourism were not yet avail-
money supply contracted net claims of the banking public sector was caused able at the time of publica-
in July 2019 by Afl. 55.5 mil- sector on the public sec- by a decline in government Inflation tion of this bulletin.
lion to Afl. 4,379.8 million, tor (+Afl. 13.0 million) and deposits (-Afl. 12.9 million). The consumer price index
resulting from a decrease in the claims of the banking In the month under review, (CPI) for July 2019 noted a For further information or
in both net foreign assets sector on the private sector net sales of foreign ex- 3.7 percent increase year- a more detailed analysis,
(-Afl. 41.9 million) and net (+Afl. 1.9 million). change to the public (-Afl. over-year (YOY). The main visit the website (www.cba-
domestic assets (-Afl. 13.6 247.3 million) were greater contributor to this rise was ruba.org) or contact the
million). The upturn in claims of the than the net purchases the component “Food and Statistics Department of
The reduction in the domes- banking sector on the pri- from the public (+Afl. 205.4 Non-Alcoholic Beverages”. the Centrale Bank van Aru-
tic component of the mon- vate sector was attributed million). These net sales of The 12-month average in- ba, tel. +297-525-2100, e-
ey supply was due to a de- to increases in loans to en- foreign exchange were flation rate was 4.2 percent mail statistics.department@
crease in the non-credit re- terprises (+Afl. 8.2 million) mainly associated with pay- in July 2019, compared to cbaruba.org.q

Their favorite vacation destination

EAGLE BEACH — Recently, Kimberley Richard-
son of the Aruba Tourism Authority had the great
pleasure to honor Aruba’s loyal and friendly visi-
tors as Distinguished Visitors of Aruba. The Distin-
guished Visitor certificate is presented on behalf of
the Minister of Tourism, as a token of appreciation
to guests who visit Aruba 10 years and more con-
secutively.

The honorees were couple Andrew & Mary Al-
ice Matthew together with couple Joe & Elaine
Dobosh, all from USA.

These wonderful people stated that they love
the island very much, especially for its year-round
sunny weather, nice sandy beaches, its safety,
delicious variety of foods and Aruba’s warm and
friendly people that became like family to them.

Richardson together with the representatives of
the Divi Aruba All Inclusive Resort presented the
certificates to the honorees, handed over some
presents and also thanked them for choosing Aru-
ba as their favorite vacation destination and as
their home-away-from-home.q