Page 29 - AHATA

A14 LOCAL
Monday 19 noveMber 2018

Central Bank of Aruba publishes Operational Report 2017

ORANJESTAD — Today the was also strengthened fur-
Centrale Bank van Aruba ther, inter alia, with the in-
(CBA) published its —Op- troduction of a new and/
erational Report 2017. This or revised legislation and
publication provides a syn- supervisory directives and
opsis of CBA’s mandate guidelines.
and key policy objectives
as laid down in the Central • The CBA’s financial
Bank Ordinance, as well as position remained solid. Its
its strategic framework in primary source of revenue,
place to implement its stra- i.e., the proceeds from its
tegic plan “Bela yen: Nos foreign exchange invest-
Plan Strategico 2016-2020” ment portfolio, strength-
(Bela Yen). It also highlights ened significantly, reflect-
the main developments in ing the positive develop-
the monetary sector, the ments in the global finan-
financial system, and the cial markets. A prudent
payment system, along investment policy is exe-
with the prime operational cuted, primarily geared to-
activities carried out by wards providing adequate
the CBA in 2017. In the last foreign exchange liquidity
chapter of this report, the for the domestic banking
financial highlights of the sector, and for the govern-
CBA’s operations is pre- tions and intended results struments, if economic de- reserves stayed above the ment of Aruba, as well as to
sented. are set for the period up to velopments required such targeted levels, supporting preserve its invested capi-
2020. an action. During its meet- the fixed exchange rate re- tal. On the other hand, the
Below an overview of some ings, the MPC kept mon- gime of the florin with the increase in the CBA’s ex-
of the primary develop- • In conducting mon- etary policy unchanged US dollar. penses remained moder-
ments that took place in etary policy, the Monetary with the reserve require- ate thanks to its strict moni-
2017: Policy Committee (MPC) of ment rate at 11.0 percent, • The strict and con- toring thereof.
the CBA met seven times as it was concluded that sistent enforcement of the
• A key achievement during that year to review mentioned economic indi- laws and regulations over The OPERATIONAL REPORT
for the CBA included the and analyze several mon- cators were at adequate the years contributed to 2017 is available on the
formal roll-out of its stra- etary and economic indi- levels throughout the year. maintaining a stable, liquid, website of the CBA www.
tegic plan “Bela Yen”, in cators to evaluate the ad- and sound financial system. cbaruba.org as from to-
which its strategic ambi- justments of its monetary in- • The international The regulatory framework day. q

Father and Son release new CD “Celebrate Christmas with Father and Son”

ORANJESTAD — The well-
known, young, local violin-
ist Omar Kock together with
his father Ricky Kock re-
leased a new CD with clas-
sic instrumental Christmas
songs played on the violin.

The CD consists of 13 tracks
that will delight you with
the beautiful sphere and
harmony that Christmas
brings. The 2 musicians put
all their heart and soul into
this incredible Christmas
production.
On the back cover of the
CD you will see a picture
of Omar when he was only his hand. This truly shows information you can call:
1 year old sitting in his fa- the love they both have +297 660-7387/ 568-8655 or
ther’s lap with the violin in for this instrument. For more 565-0744.q