Aruban florin

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Aruban florin
Arubaanse florin  (Dutch)
ISO 4217
CodeAWG
Denominations
Subunit
 ​1100cent
Pluralflorin
centcent
SymbolAfl.[1]
Banknotes10, 25, 50, 100, 200, 500 florin
Coins5, 10, 25, 50 cent, 1, ​2 12, 5 florin
Demographics
User(s) Aruba (Kingdom of the Netherlands)
Issuance
Central bankCentral Bank of Aruba
 Websitewww.cbaruba.org
PrinterJoh. Enschedé
 Websitewww.joh-enschede.nl
Valuation
Inflation4.4% (2011)[2]
 MethodCPI
Pegged withU.S. dollar = 1.79 florin

The florin (sign: Afl.; code: AWG)[1] 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 Aruban florin is pegged to the United States dollar at the rate of 1.79 florin per USD. US dollars are frequently accepted as payment at the rate of 1.75 florin per USD.[3]

Coins[edit]

In 1986, coins were introduced in denominations of 5, 10, 25 and 50 cents and 1 and 2½ florin. Later, the 5-florin banknote was replaced by a square coin and the 2½-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-, 2½- 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'.

Aruban money coins before 2005.jpg Aruban 5 florin coin new.jpg 1 Aruban florin Willem-Alexander.jpg
The Aruban florin coins, from left to right: 5, 10, 25, 50 cents and 1, 2½ and 5 florin, before 2005. 2004 5-florin coin, slightly smaller than the 1-florin coin. 2012 (obverse)/2014 (reverse) 1-florin coin with Willem-Alexander on the reverse, as issued since 2013

Banknotes[edit]

The Central Bank of Aruba (then named Banco Central di Aruba) introduced banknotes in denominations of 5, 10, 25, 50 and 100 florin and dated January 1, 1986.[4] 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 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 are set to be issued on June 4, 2019, and will circulate alongside the 2003 series until August 11, after which the 2003 series of banknotes will be no longer legal tender. Commercial banks in Aruba will accept 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 August 11, 2049.

2003 Series Aruban florin banknotes
Image Value Main colour Depicted animal
Obverse Reverse
Aruban 10 florin banknote front.jpg Aruban 10 florin banknote back.jpg 10 Afl. Blue Conch
Aruban 25 florin banknote front.jpg Aruban 25 florin banknote back.jpg 25 Afl. Orange Rattlesnake
Aruban 50 florin banknote front.jpg Aruban 50 florin banknote back.jpg 50 Afl. Red Burrowing owl
Aruban 100 florin banknote front.jpg Aruban 100 florin banknote back.jpg 100 Afl. Green Frog
Aruban 500 florin banknote front.jpg Aruban 500 florin banknote back.jpg 500 Afl. Brown Red grouper
Banknotes of the Aruban florin (2019 issue)
Image Value Main Color Description Date of issue
Obverse Reverse Obverse Reverse
10 Afl. Blue Turtle Bushiribana gold mill ruins 01-01-2019 (January 1, 2019)
25 Afl. Orange Bird Jug 01-01-2019 (January 1, 2019)
50 Afl. Red Crab Willem III Tower, Fort Zoutman (Oranjestad) 01-01-2019 (January 1, 2019)
100 Afl. Green Iguana Dancers 01-01-2019 (January 1, 2019)
200 Afl. Brown Bird Barrel organ, drum 01-01-2019 (January 1, 2019)

Current exchange rates[edit]

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 XE: AUD CAD CHF EUR GBP HKD JPY USD
From OANDA: AUD CAD CHF EUR GBP HKD JPY USD
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD

See also[edit]

Notes[edit]

  1. ^ a b "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. ^ Centrale Bank van Aruba, Annual Statistical Digest 2011
  3. ^ https://www.aruba.com/forum/f7/currency-us-dollar-vs-aruba-florin-66268/
  4. ^ Linzmayer, Owen (26 April 2011). "Aruba". The Banknote Book (1st ed.). San Francisco. p. 7.
  5. ^ Centrale Bank van Aruba (8 October 2015). "Banknotes and Coins".
  6. ^ Centrale Bank van Aruba (8 October 2015). "Banknotes and Coins - Security Features".

External links[edit]