The Centrale Bank Van Aruba

What The Centrale Bank Van Aruba does

The Centrale Bank van Aruba (CBA) is the central bank and sole financial supervisory authority of Aruba, established on January 1, 1986 when Aruba obtained autonomous status within the Kingdom of the Netherlands. Headquartered in Oranjestad, Aruba, the CBA is a sui generis legal entity with autonomous position within the public sector, owned by the Government of Aruba. Its core mandate encompasses maintaining the internal and external value of the Aruban florin (pegged to the U.S. dollar at Afl. 1.79 = US$1.00 since inception), issuing currency (banknotes and coins), operating the national payment infrastructure, executing monetary policy, and supervising the integrity of the financial system.

The CBA's core technology and product portfolio centers on the I-Pago Instant Payment Clearing and Settlement System for interbank account-to-account transfers, the Aruban florin banknote and coin series (most recently redesigned in 2019 with modern security features), and the Vortex web-based regulatory reporting portal used by supervised institutions. Supervisory services span credit institutions, insurance companies, pension funds, money transfer companies, trust service providers, securities businesses, and DNFBPs, with dedicated AML/CFT compliance frameworks aligned with FATF recommendations. The bank also publishes economic bulletins, statistical digests, and biannual economic outlooks, and operates the Su Florin mobile application for public engagement.

The CBA does not operate as a commercial enterprise; it does not charge fees for core public services. Revenue mechanics include a 1.3% foreign exchange commission collected on behalf of the Government of Aruba, supervision cost pass-through to regulated institutions per State Decrees, and likely income from seigniorage and reserve asset management, though financial figures are not publicly disclosed. The institution serves approximately 51-100 employees and is governed by international memberships including IMF (via Kingdom of the Netherlands), FATF, and CFATF, with a new President, Thomas G.W.A. Domhoff, having taken office on July 1, 2026, and a Strategic Plan covering 2026-2030 recently launched.

Name

The Centrale Bank Van Aruba

Legal name

Centrale Bank van Aruba

Website

https://cbaruba.org

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

101–250 employees

Short description

The Centrale Bank van Aruba is the central bank and sole financial supervisory authority of Aruba, established in 1986. It issues the Aruban florin, operates the I-Pago instant payment system, supervises credit institutions, insurance companies, pension funds, and AML/CFT compliance across the financial sector.

Ownership category

akta.pro rank

Product category

Central Banking

NAICS

Monetary Authorities-Central Bank (52111), Monetary Authorities-Central Bank (521)

akta.pro primary industry

Central Bank Reserve Management (FSAAAGAF)

akta.pro secondary industries

Regulatory Change, Governance & Compliance Management (GRC) (FSACAJAK), International Monetary & Financial Stability Institutions (BPADACAE)

Keywords

• Central banking
• Monetary policy
• Currency issuance
• Payment systems
• Financial supervision

Headquarters

HQ city

Oranjestad

HQ country

Aruba

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Marketing channels5 records

Core offering

The Centrale Bank van Aruba (CBA) is the central bank of Aruba, responsible for maintaining the internal and external value of the Aruban florin, issuing currency (banknotes and coins), operating the national payment system (I-Pago), conducting monetary policy, and supervising the financial sector including credit institutions, insurance companies, pension funds, money transfer companies, trust service providers, and securities businesses. It also enforces AML/CFT compliance under FATF standards and manages official foreign reserves.

Product overview

The Centrale Bank van Aruba (CBA) operates as a central bank offering a unified portfolio of products and services centered on monetary management and financial system supervision. Core offerings include the I-Pago instant payment clearing and settlement system for interbank transfers, Aruban Florin banknotes and coins (including commemorative coins), the CBA Lending Facility Program for liquidity support, and exchange rate services. The CBA also provides Financial Sector Supervision services covering credit institutions, insurance companies, pension funds, money transfer companies, and trust service providers, along with AML/CFT compliance supervision. Statistical and economic publications include Monthly and Quarterly Economic Bulletins, State of the Economy reports, and Economic Outlook projections. The Vortex Reporting Portal enables regulated entities to submit required data to the CBA.

Differentiator

Problem solved

Functional benefit

Brands

• I-Pago: Instant Payment Clearing & Settlement System operated by the CBA for settlement of interbank transfers (account-to-account transactions).
• Su Florin

Products and services

• I-Pago Instant Payment Clearing & Settlement System An instant payment clearing and settlement system operated by the CBA for the settlement of interbank transfers (account-to-account transactions). It enables fast, safe, and simple payments in Aruba for participating commercial banks.
• Aruban Florin Banknotes (Series 2019) Official currency banknotes issued by the CBA pursuant to the Central Bank Ordinance. The current series (2019) features modern security features. The florin is pegged to the U.S. dollar at Afl. 1.79 = US$ 1.00.
• Aruban Florin Coins Coins issued by the CBA on behalf of the Government of Aruba, including denominations of 5, 10, 25, 50 cents, and 1 and 2½ florins, serving as legal tender in Aruba.
• Commemorative Coins Limited gold and silver commemorative coins issued to commemorate extraordinary events or occasions, mostly on a yearly basis.
• CBA Lending Facility Program A liquidity support program providing loans in Afl. and/or USD to commercial banks facing temporary liquidity constraints through overnight, primary, secondary, and tertiary lending facilities.
• Financial Sector Supervision Services Regulatory and supervisory services for credit institutions, insurance companies, pension funds, money transfer companies, and trust service providers to maintain soundness and integrity of the financial system.
• AML/CFT Supervision Anti-Money Laundering and Combating Financing of Terrorism supervision services for financial institutions and designated non-financial service providers, aligned with FATF recommendations.
• Exchange Rate Services Daily exchange rate information for multiple currencies including USD, CAD, CHF, GBP, EUR, JPY, DKK, NOK, SEK, and XCG, sourced from Bloomberg Finance L.P.
• Vortex Reporting Portal Web-based reporting portal for financial institutions to submit statistical and regulatory data to the CBA, with video tutorials and user guides available.

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered minor, core and major.

• Bloomberg Finance L.PminorOthersBloomberg Finance L.P. provides exchange rate data to the CBA, as evidenced by the daily exchange rate listings on the CBA website attributing source data to Bloomberg Finance L.P.
• International Monetary Fund (IMF)coreOthersMember of IMF through Kingdom of the Netherlands. The CBA publishes IMF reports and collaborates on economic research and financial sector assessments.
• Financial Action Task Force (FATF)coreOthersMember of FATF through Kingdom of the Netherlands membership. CBA implements FATF Recommendations for AML/CFT compliance and participates in FATF evaluations and public statements on high-risk jurisdictions.
• Caribbean Financial Action Task Force (CFATF)coreOthersMember of CFATF as part of FATF-style regional body. CBA participates in CFATF evaluations and adheres to public statements on AML/CFT compliance.
• De Nederlandsche Bank N.V. (DNB)majorStrategic or Co-development PartnerDutch Central Bank collaborated with CBA on seminar 'Promoting the Integrity of Financial Institutions operating in the Caribbean part of the Kingdom of the Netherlands' on October 28, 2016.

Recent moves6 records

Expansion highlights5 records

Direct peers

• Central Bank of The Bahamas: Central bank of a small, tourism-dependent Caribbean economy with a long-standing USD peg and comparable supervisory and payment-system responsibilities.
• Centrale Bank van Curaçao en Sint Maarten: Central bank for Curaçao and Sint Maarten within the Kingdom of the Netherlands. Directly comparable as a small multi-island Caribbean monetary authority with a similar institutional heritage and supervisory mandate.
• Eastern Caribbean Central Bank: Monetary authority for eight Caribbean island economies. Closely comparable to CBA in scale, mandate (currency issuance, monetary policy, supervision) and small-open-economy context.
• Bank of Jamaica: Central bank of another small Caribbean open economy with USD-linked exchange rate history and similar tourism dependency; comparable in regulatory scope and policy toolkit constraints.
• Central Bank of Barbados: Central bank of a small Caribbean economy, comparable in supervisory breadth, payment system operations and macroeconomic surveillance responsibilities.
• Central Bank of Trinidad and Tobago: Regional Caribbean central bank with similar institutional functions including currency issuance, financial supervision and monetary policy, although operating at somewhat larger scale.

Broad incumbents

• De Nederlandsche Bank: Central bank of the Netherlands and CBA's historical institutional partner within the Kingdom. Comparable as a supervisory and monetary authority but vastly larger scale and broader European mandate.
• Federal Reserve: Issuer of the USD currency to which the Aruban florin is pegged. Functionally comparable as a monetary authority and payment system operator, but at incomparably greater scale and with a global policy mandate.
• European Central Bank: Supranational central bank for the euro area. Comparable as a monetary and supervisory authority (via the SSM) but operates across a multi-country jurisdiction with very different scale and tools.
• Bank of England: One of the world's oldest central banks with currency issuance, monetary policy and prudential supervision mandates. Comparable in mandate structure but operates at vastly greater scale and complexity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/CBAFlorin
• LinkedInlinkedin.com/company/centrale-bank-van-aruba
• Instagraminstagram.com/centralebankaruba?igshid=lr6dmoar2xrh

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Centrale Bank Van Aruba