Aruban florin
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Aruban florin
| Aruban florin | |
|---|---|
| Arubaanse florijn (Dutch) | |
| ISO 4217 code | AWG |
| Central bank | Central Bank of Aruba |
| Website | www.cbaruba.org |
| User(s) |  Aruba (Kingdom of the Netherlands) |
| Inflation | 4.1% |
| Source | Centrale Bank van Aruba, September 2006 |
| Method | CPI |
| Pegged with | U.S. dollar = 1.79 florin |
| Subunit | |
| 1/100 | cent |
| Symbol | Afl.[citation needed] |
| Plural | florin |
| cent | cent |
| Coins | 5, 10, 25, 50 cent, 1, 2½, 5 florin |
| Banknotes | 10, 25, 50, 100, 500 florin |
| Printer | Joh. Enschedé |
| Website | www.joh-enschede.nl |
The florin (sign: Afl.;[citation needed] code: AWG) is the currency of Aruba. It is subdivided into 100 cents. The florin was introduced in 1986, replacing the Netherlands Antillean guilder at par.
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Contents
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History & Use
The florin was introduced in 1986, replacing the Netherlands Antillean guilder at par. The currency has maintained the peg inherited from the gulden of 1.78 florin per 1 US dollar. Due to this fact, and also because of a growing amount of American tourism, US dollars are often used as the de facto currency instead of Aruban florins at many businesses, especially in the hotel & resort areas of the island.
Coins
In 1986, coins were introduced in denominations of 5, 10, 25 and 50 cents, 1 and 2½ florin. Later on the 5 florin note was replaced by a square coin and the 2½ coin was discontinued. The 5 florin was later on in 2005 replaced with a round golden coin. All coins are struck in nickel-bonded steel with exception of the 5 florin which is a combination of copper and other metals. The 50 cent is the only square-shaped coin remaining, also known as "yotin".[citation needed]
Banknotes
The Centrale Bank van Aruba (Central Bank of Aruba) introduced banknotes in denominations of 5, 10, 25, 50 and 100 florin and dated January 1, 1986.[1] In 1990, the bank issued the same denominations in a colorful 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 motives found on pre-Columbian pottery with pictures of animals unique to the island. 500 florin notes were introduced in 1993, with the 5 florin note replaced by a coin in 1995.
| Current AWG exchange rates | |
|---|---|
| From Google Finance: | AUD CAD CHF EUR GBP HKD JPY USD |
| From Yahoo! Finance: | AUD CAD CHF EUR GBP HKD JPY USD |
| From OzForex: | AUD CAD CHF EUR GBP HKD JPY USD |
| From XE.com: | AUD CAD CHF EUR GBP HKD JPY USD |
| From OANDA.com: | AUD CAD CHF EUR GBP HKD JPY USD |
See also
References
- ^ Linzmayer, Owen (26 Apr 2011). [www.banknotebook.com "Aruba"]. The Banknote Book (1 ed.). San Francisco, CA. pp. 7. www.banknotebook.com.
- Krause, Chester L., and Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed. ed.). Krause Publications. ISBN 0873411501.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.
External links
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