The Aruba Central Bank has announced to lift all (the remaining) restrictive measures on (among others) capital transactions following the corona pandemic as per September 1st, 2021. Please find the English translation of the public announcement below:
PUBLIC ANNOUNCEMENT (August 30th, 2021):
In view of the continued recovery of the Aruban economy, as well as the fact that the foreign exchange reserve is at an adequate level, the Central Bank of Aruba has decided to withdraw the remaining exchange restrictions taken in the context of the COVID-19 pandemic as of September 1, 2021. lift. As a result, as of 1 September 2021, the Foreign Exchange Notice 02/K.1 for outgoing capital transactions will once again enter into force. This means that the general license, whereby residents/natural persons as referred to in Article 1, sub a, of the National Ordinance on Foreign Exchange (LDV) as well as residents as referred to in Article 1 parts b to e of the Ldv, can carry out capital transactions abroad up to a maximum amount of Afl. 300,000 respectively Afl. 750,000 per calendar year without being in possession of a special foreign exchange license, is again in force from the said date.