Aruban florin explained

Local Name:Arubaanse florin
Local Name Lang:nl
Local Name2:florin Arubiano
Local Name Lang2:pap
Name Abbr:Afl.[1]
Image 1:ArubaCoin.jpg -->
Image Title 1:50 cents coin
Iso Code:AWG
Date Of Introduction:1986
Using Countries:
Inflation Rate:4.4% (2011)[2]
Inflation Method:CPI
Pegged With:1 U.S. dollar = Afl. 1.79
Subunit Name 1:cent
Symbol:Aƒ, ƒ
Plural:florin
Plural Subunit 1:cent
Used Coins:5¢, 10¢, 25¢, 50¢, Afl. 1, Afl. , Afl. 5
Used Banknotes:Afl. 10, Afl. 25, Afl. 50, Afl. 100, Afl. 200
Issuing Authority:Central Bank of Aruba
Printer:Crane Currency
Mint:Royal Dutch Mint

The florin (in Dutch; Flemish floːˈrɪn/; abbreviation: Afl.; code: AWG[1]) or Aruban guilder is the currency of Aruba. It is subdivided into 100 cents. The florin was introduced in 1986, replacing the Netherlands Antillean guilder at par. The Aruba currency exchange rate for U.S. dollars is Afl. 1.77 for cash and Afl. 1.78 for traveller's checks. Most supermarkets and gas stations use the exchange rate of Afl. 1.75, while many restaurants and shops use the exchange rate of Afl. 1.80.[3]

Coins

In 1986, coins were introduced in denominations of 5, 10, 25 and 50 cents and 1 and florin. Later, the 5-florin banknote was replaced by a square coin and the -florin coin was removed from circulation. The 5-florin was replaced in 2005 with a round gold-coloured coin, because the old square 5-florin coin was too easy to counterfeit. All coins are struck in nickel-bonded steel with exception of the 5-florin, which is an alloy of copper and other metals. The 50 cent is the only square-shaped coin remaining, also commonly referred to as a "yotin" by the locals.

On the back of each 1-, - and 5-florin coin is a profile view of the current head of state of the Kingdom of the Netherlands. From 1986 to 2013, this was Queen Beatrix and since 2014 it has been King Willem-Alexander. Moreover, only these three denominations have writing on their edge, namely God zij met ons, meaning 'God be with us'.

Banknotes

The Central Bank of Aruba (Centrale Bank van Aruba) introduced banknotes in denominations of 5, 10, 25, 50 and 100 florin and dated 1 January 1986.[4] In 1990, the bank issued the same denominations in a colourful new family of notes designed by Aruban artist Evelino Fingal. As director of the Archaeological Museum, Fingal found inspiration in old Indian paintings and pot shards. Fingal combined decorative motifs found on pre-Columbian pottery with pictures of animals unique to the island. The 500-florin notes were introduced in 1993, with the 5-florin note replaced by a square coin in 1995.

As of 2003, a new print was started of the then already existing banknotes of 10, 25, 50, 100 and 500 florin. These new banknotes were made with new safety features to counteract counterfeiting, but retained their look.[5] [6]

In 2019, the Centrale Bank van Aruba unveiled a new series of banknotes in denominations of 10, 25, 50, 100 and 200 florin, with the latter serving as a new denomination. The theme presented for this series is "Life in Aruba", as it contains elements of Aruban flora, fauna, cultural heritage, monuments and landmarks. They were issued on 4 June 2019, and is circulating alongside the 2003 series until 11 August, after which the 2003 series of banknotes were no longer legal tender. Commercial banks in Aruba accepted the 2003 series of banknotes until December 4, afterward the notes will be redeemed at the Central Bank of Aruba for up to 30 years, until 11 August 2049. The 100 Florin note was awarded "2019 Banknote of the Year" by The International Banknote Society for its content, art, and security features.[7]

Image !!rowspan="2"
Value !Main colour Depicted animal
Obverse Reverse
Afl. 5Purple Turtle
Afl. 10BlueConch
Afl. 25OrangeRattlesnake
Afl. 50RedBurrowing owl
Afl. 100GreenFrog
Afl. 500BrownRed grouper
Image !!rowspan="2"
Value !Main colour Depicted animal
Obverse Reverse
Afl. 10BlueConch
Afl. 25OrangeRattlesnake
Afl. 50RedBurrowing owl
Afl. 100GreenFrog
Afl. 500BrownRed grouper
Banknotes of the Aruban florin (2019 issue)
Image Value Main colour Description Date of issue
Obverse Reverse Obverse Reverse
Afl. 10BlueGreen sea turtleBushiribana gold mill ruins1 January 2019
Afl. 25OrangeVenezuelan troupialArawak pottery and cave paintings
Afl. 50Red/purpleRed land crabWillem III Tower, Fort Zoutman (Oranjestad)
Afl. 100GreenGreen iguanaBaile di Cinta dancers
Afl. 200BrownCrested caracaraCaha di orgel, drum

See also

External links

Notes and References

  1. "The International Organization for Standardization (ISO) uses the abbreviation 'AWG' as the currency code for Aruba. However, Aruban law uses the abbreviation 'Afl.' for the Aruban florin." Centrale Bank van Aruba, Glossary
  2. http://www.cbaruba.org/cba/readBlob.do?id=2333 Centrale Bank van Aruba
  3. Web site: Official Currency of Aruba. www.aruba.com.
  4. Book: Linzmayer . Owen . The Banknote Book . Aruba . 1st . 26 April 2011 . San Francisco . 7 .
  5. Web site: Centrale Bank van Aruba . Banknotes and Coins . 8 October 2015 .
  6. Web site: Centrale Bank van Aruba . Banknotes and Coins - Security Features . 8 October 2015 .
  7. Web site: February 2020. Aruba Wins IBNS 2019 Bank Note of Year Award. live. https://web.archive.org/web/20200716190750/https://www.theibns.org/joomla/index.php?option=com_content&view=article&id=767:aruba-wins-ibns-2019-bank-note-of-year-award&catid=39:bnoy-2019&Itemid=51 . 2020-07-16 . 5 January 2021. International Bank Note Society.