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Monday 29 June 2020

Central Bank of Aruba:

Booklets on new banknotes to every household & free educational app

ORANJESTAD — The Central Bank ternal/pubs/ft/fandd/2020/06/
of Aruba (CBA) strives to attain arubas-new-banknotes-spotlight-
the highest standards of safety, natures-heroes-currency.htm
security, and efficiency of Aru- o For more information on re-
ba’s payment system. In order to search on security features visit:
further make known the security • https://www.securingin-
features of the new 2019 series flo- dustry.com/security-documents-
rin banknotes among the Aruban and-it/banknote-security-fea-
community, this week the CBA dis- ture-makes-it-easier-for-public-to-
tributes an informative booklet to spot-fakes/s110/a11778/#.Xt6D-
all households. 990pCdN

This booklet contains information About the Centrale Bank van Aru-
on the origin, background, project ba
organization, and security features The main purpose of the Centrale
of this new series. This booklet can Bank van Aruba (CBA) is to con-
also serve as a reference book, banknotes. This research confirms International attention tribute to the financial stability and
because it has an extensive de- that the new florin banknotes are o In April 2020, the Interna- economic well-being of the Aru-
scription of the banknotes. All Aru- state-of-the-art in terms of both in- tional Bank Note Society (IBNS) an- ban community. The CBA accom-
ban households will have access novation and design. nounced that its voting members plishes this mission by implement-
to this useful booklet with expla- Miriam Gonzalez, Executive Di- had selected the Central Bank of ing an effective monetary policy
nation and illustration on the new rector of the CBA: “After the suc- Aruba to receive its annual pres- aimed towards maintaining the
banknote series. In addition, the cessful introduction of the new tigious “Bank Note of the Year value of the florin, by promoting
CBA has developed a free app, banknotes last year, people are Award” for 2019. Aruba’s new 100 the soundness and integrity of the
which can be downloaded from used to the new appearance. florin banknote is the award win- financial system, and by providing
App Store and Google Play, to in- Thus, this is the right moment to ning design. For more info on the an efficient and reliable payment
troduce the safety features of the take the Aruban community a step IBNS and the award visit www. system.
new banknotes. This app enables further in getting fully familiarized theibns.org. Besides these core tasks, the
the possibility to discover all fea- with the banknotes, by exploring o There is also an article on CBA is also the sole issuer of florin
tures of the banknotes in a playful the security features and having the new 2019 series banknotes fea- banknotes and florin coins, and
and approachable way. some fun in doing so. The app is tured in IMF’s Finance & Develop- acts as banker to the Government
both educational and entertain- ment Currency Notes of June 2020, of Aruba. In addition, it regulates
Security features on our banknotes ing, allowing the Aruban public see links below (magazine and the flow of international payments,
help to spot counterfeits to get to know more in-depth the web version). manages the available foreign ex-
According to a research just re- unique design and features, and • https://www.imf.org/exter- change reserves of Aruba, and su-
cently conducted in the UK, the the story behind these banknotes. nal/pubs/ft/fandd/2020/06/pdf/ pervises the spending thereof.
3-D banknote security feature For those not having a smartphone arubas-new-banknotes-spotlight- For more information on the Cen-
on the new banknotes helps re- or a tablet, the booklet is a perfect natures-heroes-currency.pdf trale Bank van Aruba, please visit
duce the circulation of counterfeit alternative.” • https://www.imf.org/ex- the website www.cbaruba.org.q

Aruba Today launches survey to serve better

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