Centrale Bank van Aruba: Monthly Bullitin June 2016

1.
Conten
I. Ma
Statistica
1. Mo
2. Co
3. Cau
4. For
5. Co
6. Cen
7. Co
9. Go
10. Tou
11. Gro
12. Co
ts
ain economic
al Annex
onetary surv
mponents o
uses of chan
reign assets
nsolidated b
ntrale Bank
mmercial ba
vernment’s
urism
owth in stay
nsumer pric
C
MO
c indicators
vey
of broad mon
nges in broad
balance shee
van Aruba: S
anks' consol
position wit
y‐over tourism
e index
CENTRALE
ONTHLY BU
ney
d money
et of the mo
Summary ac
idated summ
th the mone
m
BANK VAN
ULLETIN J
ney‐creating
ccount
mary accoun
etary system
ARUBA
JUNE 2016
g institution
nt
m
6
Pag
s
Publish
ge
1
5
6
7
8
9
11
12
13
14
15
16
hed August 1
N
11, 2016
No. 343
1

2.
I. Ma
Mone
In Ju
Afl. 1
the p
net
109.3
Quas
1,915
deno
and
comp
millio
curre
millio
dem
expa
whic
in de
The g
supp
dom
by an
balan
Dom
bank
the p
and
claim
draw
Deve
millio
gross
abov
bank
to in
and
whic
cred
1
Excl
excha
ain economic
etary develop
une 2016, mo
126.0 million
previous mo
domestic as
3 million and
si‐money exp
5.1 million, as
ominated in A
Afl. 10.9 m
ponent of b
on to Afl. 2,1
ency in circ
on and Afl.
and deposit
ansion in dep
ch was partly
eposits denom
growth in th
ply was attrib
estic credit,
n Afl. 12.5 mi
nce sheet ite
mestic credit
king sector o
private secto
Afl. 9.7 mil
ms on the pu
wing down
elopment Fu
on, respectiv
s claims
vementioned
king sector o
ncreases in lo
housing mo
ch were part
it (‐Afl. 1.8
uding revaluat
ange holdings.
c indicators
pments
oney supply
to Afl. 4,07
onth, resultin
sets and ne
Afl. 16.7 milli
panded by A
s time depos
Aruban florin
million, resp
broad money
56.1 million,
ulation note
4.3 million,
s resulted f
posits denom
offset by an
minated in fo
e domestic c
buted to an A
which was p
llion contrac
ms.
increased a
n the public
or recorded
lion, respect
ublic sector r
of gove
nd by Afl. 12
vely. An Afl.
margina
d surge. The
on the privat
oans to ente
ortgages (+Af
tly offset by
million). Th
tion difference
registered a
71.2 million, c
ng from gro
et foreign as
ion, respectiv
Afl. 104.3 m
sits and savin
n grew by Afl
pectively. M
y, increased
as demand d
ed upturns
respectively
rom an Afl.
minated in A
Afl. 4.6 milli
oreign curren
component o
Afl. 121.8 mil
partially coun
tion in non‐c
s the net c
sector and t
gains of Afl.
tively. The s
resulted mai
rnment de
25.0 million a
22.9 million
ally mitig
e rise in cla
e sector was
rprises (+Afl
fl. 4.7 millio
a decrease
he decline in
es of gold and f
n upturn of
compared to
wth in both
ssets1
of Afl.
vely.
illion to Afl.
ngs deposits
. 93.3 million
Money, as a
by Afl. 21.6
deposits and
of Afl. 17.3
. The rise in
21.9 million
Aruban florin,
on reduction
ncy.
of the money
lion surge in
nterbalanced
credit related
laims of the
the claims on
. 112.1 million
surge in net
nly from the
eposits and
and Afl. 10.0
decrease in
ated the
aims of the
s mostly due
. 6.6 million)
n) (Chart 1),
in consumer
n non‐credit
foreign
f
o
h
.
.
s
n
a
6
d
3
n
n
,
n
y
n
d
d
e
n
n
t
e
d
0
n
e
e
e
)
,
r
t
relat
othe
equi
well
The
sect
exch
asso
acco
afor
bala
163.3
paym
inve
inco
Sourc
Tabl
(in A
Net p
Net s
NET
800
850
900
950
1,000
1,050
1,100
1,150
ted balance s
er liabilities,
ipment, acco
as clearing t
expansion in
or was dri
hange of Afl.
ociated with
ounts, direct
rementioned
nced by the
3 million to
ments for
stment, fina
me, and gov
ce: Centrale Ban
e A. Change in
Afl. millions)
purchases of for
Touri
Net tr
Direct
Trans
Capita
Items
sales of foreign
Good
Other
Other
Finan
Curren
Incom
Gover
Portfo
T CHANGEIN N
0
0
0
0
0
0
0
0
Jan Feb Mar
Char
2
sheet items r
shareholder
ounts receiva
transactions.
n the net fore
iven by net
180.0 million
tourism, ne
investment,
purchases
net sales of
o the public
goods,
ancial deriva
vernment ser
nk van Aruba
Net Foreign As
reign exchange
ismservices
ransfers fromfor
t investment
sportation servic
al account trans
not yet classifi
n exchange
s
r services
r investment
ncial derivatives
nt transfers
me
rnment services
olio investment
NFA (minus (-) d
r Apr May Jun J
rt 1: Nominal ho
(in Afl. m
014
resulted from
rs' equity, p
able and pre
eign assets o
t purchases
n from the p
et transfers
, and transp
were parti
f foreign exc
c, largely re
other serv
atives, curre
rvices (Table
ssets (NFA) Jun
e
reign accounts
ces
sactions
ied
s
denotes a decrea
ul Aug Sep Oct
ousing mortgag
million)
2015
m increases in
premises and
payments, a
f the banking
s of foreign
public, mainly
from foreign
ortation. The
ally counter
change of Afl
lated to ne
vices, othe
ent transfers
A).
ne 2016
180.0
132.4
31.8
7.5
5.2
0.3
2.8
-163.3
-109.2
-22.9
-12.9
-8.4
-4.1
-3.3
-2.3
-0.3
ase) 16.7
Nov Dec
ges
2016
n
d
s
g
n
y
n
e
r‐
l.
t
r
s,
0
4
8
5
2
3
8
3
2
9
9
4
1
3
3
3
7
2

3.
Sour
Inflat
The c
0.8 p
The
comp
fall
“Tran
price
Foot
“Com
“Res
Good
the e
CPI w
avera
comp
Sour
Sour
2
Part
‐2.0
‐1.0
0.0
1.0
2.0
3.0
rce: Centrale Ba
tion
consumer pr
percent decr
contributo
ponent “Hou
in electric
nsport”, prim
es. In contra
twear”, “Fo
mmunication
staurants and
ds and Servic
effect of food
was 0.7 per
age inflation
pared to ‐0.5
rce: Central Bure
rce: Central Bure
tly affects the h
0
0
0
0
0
0
Jan Feb Mar A
Ch
(in p
2014
nk van Aruba
rice index (CP
rease year‐o
rs to this
using”, which
city costs,
marily due t
ast, the com
od and No
”, “Recre
d Hotels”, as
ces” registere
d and energy
cent (YoY) (
n rate was ‐0
5 percent in M
eau of Statistics
eau of Statistics
housing and tr
Apr May Jun Jul
art 2: Inflation
percent, end of
4 201
PI) for June 2
ver‐year (Yo
s decrease
h was largely
and the
to a decline
mponents “C
on‐alcoholic
ation and
s well as “M
ed an increas
y2
, the growt
(Table B). T
0.6 percent i
May 2016 (Cha
s
s
ansport compo
Aug Sep Oct No
Aruba
f period)
15 20
2016 noted a
oY) (Chart 2).
were the
y driven by a
component
e in gasoline
Clothing and
Beverages”,
Culture”,
Miscellaneous
se. Excluding
th in the core
he 12‐month
n June 2016,
art 3).
onents.
ov Dec
016
a
.
e
a
t
e
d
,
,
s
g
e
h
,
Table
Sourc
Tour
In Ju
86,6
June
pred
mark
part
visito
The
princ
(‐6,9
The
main
Unit
In th
spen
3.0 p
of th
incre
June
The
3,20
com
note
Food
Beve
Cloth
Hous
Hous
Healt
Trans
Comm
Recre
Educ
Resta
Misce
T
Inflat
e B. Compone
ce: Central Bure
rism
une 2016, the
697, which is
e 2015 (Ch
dominantly fr
ket of 18.7
tially counte
ors) increase
decrease i
cipally cause
980 visitors o
expansion in
nly from a 6
ted States (+3
he month u
nt in Aruba,
percent to 6
he previous y
eased from 6
e 2016.
number of c
9 or 14.4
mpared to Ju
ed a decline,
And Non‐Alcoho
rages And Tobac
ing & Footwear
sing
sehold Operation
th
sport
munication
eation And Cultur
ation
aurants And Hote
ellaneous Goods A
otal Excluding En
tion components
ents of Inflatio
eau of Statistics
e number of
0.9 percent
hart 4). Th
rom a downt
percent (‐4,
rbalanced b
e in the North
n the Latin
ed by a drop i
or ‐36.7 perce
n the North A
6.4 percent
3,275 visitors
nder review
as indicated
612,519, comp
year. The ave
6.8 nights in
cruise visitor
percent to
une 2015. Th
from 9 in Jun
Ju
lic Beverages
co Products
re
els
And Services
Total
nergy & Food
on
and Centrale B
stay‐over vis
(‐750 visitors
he contracti
turn in the La
,735 visitors)
y a 6.0 per
h American m
n American
in visitors fro
ent).
American ma
rise in arriv
s).
, total numb
d by the visit
pared to the
erage intende
June 2015, to
rs registered
o 25,452 in
he number
ne 2015 to 7 i
un‐15 Jun‐16
0.2 0.1
0.0 0.0
‐0.2 0.2
1.4 ‐0.7
0.0 0.0
0.0 0.0
‐1.1 ‐0.7
0.1 0.1
0.1 0.1
0.0 0.0
0.2 0.1
0.1 0.1
0.7 ‐0.8
0.7 0.7
End‐month
inflation a
ank van Aruba
sitors totaled
s) less than in
ion resulted
atin American
), which wa
rcent (+3,168
market.
market wa
om Venezuela
arket resulted
vals from the
ber of night
tors, grew by
same month
ed night stay
o 7.1 nights in
an upturn o
June 2016
of ship call
n June 2016.
Jun‐15 Jun‐16
0.5 0.0
0.0 0.0
‐0.1 ‐0.1
1.1 0.1
‐0.1 0.0
0.0 0.0
‐0.5 ‐0.9
0.1 0.1
‐0.2 0.0
0.0 0.0
0.1 0.1
0.1 0.1
1.0 ‐0.6
0.7 0.5
12‐month
average inflation
d
n
d
n
s
8
s
a
d
e
s
y
h
s
n
f
6,
s
n
3

4.
Gove
Pleas
reven
of pu
Nort
Lat
Res
ernment
se note tha
nue for June
ublication of
‐10,00
th America
tin America
Europe
st of world
Total
Chart 4: A
majo
at monthly
e 2016 were
this bulletin.
‐4,735
0 ‐6,000
Absolute change
or markets (June
figures on
not available
7
104
‐750
‐2,000 2,0
e in number of v
e 2016 vs. June
government
e at the time
3,168
713
000 6,000
visitors by
2015)
t
e
4

5. TABLE1:MONETARYSURVEY*
InAfl.million
Endofperiod
I.
A)Domesticcredit
1)Netclaimsonpublicsector
a)Grossclaims**
b)Government'sdeposits
c)Developmentfunds
2)Claimsonprivatesector
a)Enterprises
b)Individuals
1)Consumercredit
2)Housingmortgages
c)Other
B)Otheritems,net
II.
III.
A)Money
B)Quasi-money
A)CentraleBankvanAruba***
B)Commercialbanks
Netdomesticassets
Netforeignassets
Broadmoney
2012
951.2
18.1
-725.1
1,287.7
1,184.8
102.9
2,847.7
136.8
-71.3
1,204.3
1,821.4
1,588.9
343.2
2,710.9
-135.0
3,410.4
537.3
2,122.7
1,488.5
2013
1,006.6
15.0
-799.1
1,130.7
1,107.6
23.2
2,960.5
106.8
-99.8
1,295.1
1,713.4
1,578.6
350.4
2,853.6
-143.7
3,292.0
536.9
2,161.3
1,543.5
2014
1,049.4
8.1
-848.0
1,172.9
1,124.0
48.9
3,136.1
161.7
-83.3
1,330.7
1,793.0
1,668.1
346.5
2,974.3
-101.5
3,461.0
586.1
2,288.1
1,635.5
2015
1,101.7
9.8
-874.5
1,515.7
1,384.6
131.1
3,163.7
195.6
-94.2
1,270.6
2,060.6
1,744.3
369.2
2,968.1
-79.4
3,804.9
586.0
2,289.2
1,687.7
*ThemonetarysurveyconsolidatestheaccountsoftheCentraleBankvanAruba,thecommercialbanksandtheGovernmentrelatedonlytothe
issuanceofcomponentsofthemoneysupply,i.e.,coinsandtreasurybills.Thissurveyshowsthefinancialrelationshipbetweenthemonetary
sector,whoseliabilitiesincludethemoneysupply,andothersectorsoftheeconomy.
**Grossclaimsincludeloansgrantedaswellasgovernmentbondsinthehandsofthemonetarysectorsandclaimsresultingfromtheissuanceof
treasurybills,cashcertificates,andcoins.
***Revaluationdifferencesofgoldandofficialforeignexchangeholdingsareexcludedinordertoapproximatethenetimportofforeignfundsbythe
nonmonetarysectors.
1,060.2
8.3
-878.1
1,308.1
1,158.2
149.9
3,137.5
180.8
-67.1
1,315.7
1,818.3
1,749.2
340.3
2,956.7
-92.4
3,567.5
572.6
2,259.4
1,632.8
April
2015
1,061.0
8.3
-878.2
1,330.1
1,197.9
132.1
3,120.9
172.2
-76.0
1,307.5
1,841.4
1,731.4
341.8
2,948.7
-93.5
3,572.8
571.9
2,242.7
1,632.9
May
1,065.6
8.9
-900.1
1,378.2
1,250.1
128.1
3,134.6
202.7
-45.9
1,289.8
1,895.4
1,717.2
340.9
2,931.8
-92.3
3,612.6
567.7
2,234.5
1,633.2
June
1,118.3
9.6
-882.3
1,652.4
1,451.1
201.4
3,202.6
239.7
-57.7
1,257.5
2,196.8
1,775.9
370.2
2,962.9
-72.7
3,972.7
577.4
2,320.3
1,695.7
April
2016
1,122.5
9.6
-882.7
1,844.5
1,633.3
211.2
2,983.4
19.1
-275.9
1,256.0
2,134.5
1,810.8
370.3
2,964.3
-75.3
3,945.2
576.2
2,100.7
1,698.7
May
1,127.1
9.8
-895.2
1,861.2
1,627.2
234.0
3,105.2
131.2
-150.9
1,262.5
2,156.1
1,915.1
347.4
2,974.0
-65.3
4,071.2
574.4
2,210.0
1,701.6
June
5

6. TABLE2:COMPONENTSOFBROADMONEY
InAfl.million
Currency
IssuedAt
Endofperiod
banks
Demanddeposits
Outside
banks
Afl.Foreign
currency
Total
MoneyOtherdepositsQuasi-
money
Broad
money
Savings
(1)(4)(5)(8)(9)(10)(2)4+5)3+6)1-2)12+13)
(3=(6=(7=(14=
7+14)
(15=
Treassury
billsand
cashloanTimeTotal
Afl.Foreign
currency
Afl.Foreign
currency
(11)
(12=
(13)8+9+10+11)
certificates
January2015265.347.3217.91,236.6298.41,535.11,753.00.01,717.53,470.5967.15.3741.14.01,717.5
February263.144.6218.41,292.9291.61,584.51,802.90.01,722.53,525.4957.95.2755.44.01,722.5
March266.850.0216.91,309.3287.21,596.61,813.40.01,730.53,543.9962.15.0759.44.01,730.5
April281.660.8220.81,290.7306.71,597.51,818.30.01,749.23,567.5955.54.2785.64.01,749.2
May266.247.9218.31,325.2297.91,623.01,841.40.01,731.43,572.8952.14.6770.64.01,731.4
June272.347.3225.01,397.8272.71,670.41,895.40.01,717.23,612.6963.04.2746.04.01,717.2
July275.851.4224.41,358.1297.31,655.41,879.80.01,721.53,601.2957.83.9755.44.31,721.5
August277.150.3226.81,427.4291.21,718.61,945.40.01,760.73,706.1957.94.3793.45.21,760.7
September273.749.2224.51,427.1296.71,723.81,948.30.01,766.73,715.0960.04.1798.44.31,766.7
October273.347.4225.91,413.6290.31,703.81,929.70.01,773.53,703.3961.14.1804.14.31,773.5
November281.247.9233.31,471.0292.41,763.41,996.60.01,733.43,730.0959.75.7763.64.31,733.4
December304.464.4240.01,515.8304.71,820.62,060.60.01,744.33,804.9932.45.4802.24.31,744.3
January2016284.750.0234.71,535.1321.61,856.82,091.40.01,769.83,861.2943.45.2816.94.31,769.8
February280.342.9237.41,563.3338.01,901.32,138.70.01,741.33,880.1945.95.7785.44.41,741.3
March291.955.3236.61,578.8318.31,897.12,133.70.01,801.43,935.1992.15.4799.54.41,801.4
April288.049.9238.11,657.9300.81,958.82,196.80.01,775.93,972.7999.25.4766.84.41,775.9
May288.051.2236.81,601.8295.91,897.72,134.50.01,810.83,945.2996.95.7803.74.51,810.8
June295.053.8241.11,623.7291.31,915.02,156.10.01,915.14,071.21,007.85.9897.04.51,915.1
2012253.753.8199.91,446.8174.71,621.51,821.4929.35.70.01,588.93,410.4650.13.81,588.9
2013267.954.3213.61,307.2192.71,499.81,713.4950.06.02.01,578.63,292.0607.313.21,576.6
2014293.366.1227.21,296.3269.51,565.81,793.0951.75.10.01,668.13,461.0707.14.11,668.1
2015304.464.4240.01,515.8304.71,820.62,060.6932.45.40.01,744.33,804.9802.24.31,744.3
6

7. TABLE3:CAUSESOFCHANGESINBROADMONEY
InAfl.million
Duringperiod
I.
A)Domesticcredit
1)Netclaimsonpublicsector
a)Recoursetomonetarysystem
1)Government'sdeposits
2)Developmentfunds
2)Claimsonprivatesector
a)Enterprises
b)Individuals
1)Consumercredit
2)Housingmortgages
c)Other
B)Otherdomesticfactors
II.
III.
1)Money
2)Quasi-money
Netdomesticmoneycreation
Inflowofforeignfunds*
Broadmoney
b)Drawingdownofbankbalances
2.0
0.0
-30.6
46.6
7.6
12.9
6.8
-8.9
4.8
18.8
0.0
-5.2
6.0
23.6
1.7
-22.9
3.7
12.8
April
2015
0.8
0.1
-0.1
22.0
-16.6
-8.6
-8.9
-8.2
23.1
-17.8
1.5
-8.0
-1.2
5.3
-0.8
-16.7
0.1
-10.1
May
4.5
0.5
-21.9
48.1
13.7
30.5
30.1
-17.7
54.0
-14.2
-0.9
-16.9
1.3
39.9
-4.2
-8.2
0.3
31.4
June
7.5
0.0
-4.1
33.6
8.1
3.2
1.4
-3.7
63.2
-25.5
0.3
4.9
1.4
37.7
1.2
4.0
8.7
2.8
April
2016
4.1
0.0
-0.4
192.1
-219.2
-220.6
-218.2
-1.6
-62.4
34.9
0.1
1.4
-2.6
-27.5
-1.1
-219.6
3.0
-220.7
May
4.7
0.2
-12.5
16.7
121.8
112.1
125.0
6.6
21.6
104.3
-22.9
9.7
10.0
126.0
-1.8
109.3
2.9
135.0
June
2012
38.9
-2.8
245.6
175.7
140.9
51.8
40.8
70.0
-6.0
-17.9
248.8
1.6
265.3
-14.9
250.4
3.1
134.9
21.0
2013
55.4
-3.1
112.7
-30.0
-28.5
90.8
7.2
142.7
-8.7
-0.4
38.7
-157.0
-108.0
-10.3
-118.3
-74.1
-37.2
55.1
2014
42.8
-6.9
175.6
54.9
16.6
35.6
-3.8
120.7
42.2
49.2
126.8
42.2
79.5
89.5
169.0
-48.8
58.7
92.0
2015
52.3
1.6
27.6
33.9
-10.9
-60.1
22.7
-6.3
22.2
-0.1
1.1
342.7
267.6
76.3
343.9
-26.5
11.2
52.2
*Revaluationdifferencesofgoldandofficialforeignexchangeholdingsareexcludedinordertoapproximatethenetimportofforeignfundsbythenonmonetarysectors.
7

8. TABLE4:FOREIGNASSETS
CentraleBankvanAruba
GoldOther
Endof
(1)1+2-3)(5)4+7)(9)(2)
assets
Commercialbanks
(6)5-6)
Revalua-
tiondiffe-
(3)8-9)
Liabi-
lities
NetAssets
TotalTotal
excl.(9)
(4=(7=(10=
Liabi-
lities
Net
(8=
InAfl.million
rences*
period
2012331.51,078.03.71,405.7629.2526.2102.91,508.7221.01,287.7
2013239.4953.60.11,192.9663.9640.723.21,216.085.31,130.7
2014238.91,002.01.11,239.8655.6606.748.91,288.7115.81,172.9
2015211.61,270.52.21,479.9668.3537.3131.11,611.095.31,515.7
January2015238.91,083.40.21,322.2665.4590.874.71,396.9130.51,266.3
February238.91,068.21.91,305.3685.2573.8111.31,416.6126.81,289.8
March236.51,027.33.01,260.8678.6551.5127.11,387.9126.41,261.5
April236.51,047.40.11,283.8688.4538.6149.91,433.6125.61,308.1
May236.51,086.20.11,322.6674.0541.9132.11,454.8124.71,330.1
June233.31,135.10.11,368.3660.3532.2128.11,496.3118.21,378.2
July233.31,123.32.91,353.7641.5534.0107.51,461.2119.01,342.2
August233.31,258.36.71,484.9645.9537.8108.21,593.1117.31,475.7
September221.91,235.20.11,457.0664.0540.7123.31,580.3109.21,471.1
October221.91,282.00.41,503.5636.1539.496.71,600.3107.01,493.2
November221.91,282.61.41,503.1664.2582.781.51,584.6104.91,479.6
December211.61,270.52.21,479.9668.3537.3131.11,611.095.31,515.7
January2016211.61,344.21.41,554.5671.8542.8129.01,683.5100.71,582.8
February211.61,370.41.21,580.8713.1548.0165.21,746.0100.51,645.5
March246.41,349.62.41,593.6688.0525.4162.61,756.2137.51,618.8
April246.41,345.53.31,588.7703.8502.4201.41,790.1137.71,652.4
May246.41,524.51.01,770.0705.9494.7211.21,981.2136.71,844.5
June263.11,527.34.21,786.2696.6462.7234.02,020.2159.01,861.2
*Ofgoldandofficialforeignexchangeholdings,inaccordancewiththeCentralBankOrdinanceasrevisedinDecember1989.
8

9. TABLE5a:CONSOLIDATEDBALANCESHEETOFTHEMONEY-CREATINGINSTITUTIONS
InAfl.million
Endofperiod
ASSETS
1.Claimsonmoney-creatinginstitutions
a)Monetaryauthorities
b)Commercialbanks
2.Claimsonthepublicsector
a)Short-term
b)Long-term
3.Claimsontheprivatesector
a)Enterprises
b)Individuals
1)Consumercredit
2)Housingmortgages
c)Capitalmarketinvestments
d)Other
4.Foreignassets
a)Gold
b)Short-term
c)Long-term
5.Otherdomesticassets
6.Totalassets
2012
537.3
951.2
18.1
0.0
2,038.6
331.5
944.2
49.2
95.7
1,204.3
1,125.4
-33.5
993.3
343.2
2,710.9
247.5
581.8
1,488.5
6,052.6
2013
536.9
1,006.6
15.0
0.0
1,856.8
239.4
838.3
46.2
106.8
1,295.1
939.5
-17.2
884.5
350.4
2,853.6
243.6
677.9
1,543.5
5,928.1
2014
586.1
1,049.4
8.1
0.0
1,896.5
238.9
860.7
51.2
114.1
1,330.7
1,094.8
-16.0
912.0
346.5
2,974.3
232.4
562.8
1,635.5
6,113.3
2015
586.0
1,101.7
9.8
0.0
2,150.5
211.6
1,069.1
47.9
132.3
1,270.6
1,140.2
-29.4
1,117.0
369.2
2,968.1
236.8
798.7
1,687.7
6,575.4
572.6
1,060.2
8.3
0.0
1,972.3
236.5
900.5
49.4
107.3
1,315.7
1,142.3
-22.6
6,196.6
949.9
340.3
2,956.7
232.9
593.5
1,632.8
April
2015
571.9
1,061.0
8.3
0.0
1,996.7
236.5
929.8
47.6
105.2
1,307.5
1,143.1
-18.7
6,245.9
977.4
341.8
2,948.7
236.6
617.2
1,632.9
May
567.7
1,065.6
8.9
0.0
2,028.6
233.3
994.6
47.5
120.1
1,289.8
1,140.0
-20.6
6,322.9
1,042.1
340.9
2,931.8
220.8
655.3
1,633.2
June
577.4
1,118.3
9.6
0.0
2,295.8
246.4
1,103.5
51.7
133.2
1,257.5
1,356.1
-24.7
6,759.3
1,155.2
370.2
2,962.9
237.0
693.2
1,695.7
April
2016
576.2
1,122.5
9.6
0.0
2,476.9
246.4
1,164.7
48.1
133.3
1,256.0
1,354.7
-34.2
6,990.1
1,212.8
370.3
2,964.3
237.0
875.7
1,698.7
May
574.4
1,127.1
9.8
0.0
2,487.0
263.1
1,201.1
48.2
114.7
1,262.5
1,402.6
-28.6
7,029.2
1,249.4
347.4
2,974.0
232.7
821.3
1,701.6
June
9

10. TABLE5b:CONSOLIDATEDBALANCESHEETOFTHEMONEY-CREATINGINSTITUTIONS(continued)
InAfl.million
Endofperiod
LIABILITIES
7.Broadmoney
a)Money
b)Quasi-money
8.Money-creatinginstitutions
a)Monetaryauthorities
b)Commercialbanks
9.Publicsectordeposits
a)Government
b)Developmentfunds
13.Foreignliabilities
a)Short-term
b)Long-term
14.Revaluationdifferences*
15.Otherdomesticliabilities
10.Long-termliabilities
a)Government
b)Privatesector
11.Subordinateddebt
12.Capitalandreserves
16.Totalliabilities
0.0
0.0
0.0
12.5
535.0
530.0
1,821.4
1,588.9
941.9
71.3
44.8
221.0
3,410.4
942.4
206.3
0.5
485.2
135.0
6,052.6
195.1
2012
0.0
0.0
0.0
0.0
630.1
640.8
1,713.4
1,578.6
837.9
99.8
53.8
85.3
3,292.0
838.0
243.5
0.1
587.0
143.7
5,928.1
198.3
2013
0.0
0.0
0.0
0.0
676.2
607.8
1,793.0
1,668.1
875.1
83.3
57.2
115.8
3,461.0
875.1
184.8
0.0
550.6
101.5
6,113.3
192.7
2014
0.0
0.0
0.0
0.0
736.4
539.5
2,060.6
1,744.3
1,068.1
94.2
76.3
95.3
3,804.9
1,068.2
173.6
0.0
463.1
79.4
6,575.4
157.6
2015
0.0
0.0
0.0
0.0
696.1
538.6
1,818.3
1,749.2
913.9
67.1
57.5
125.6
3,567.5
913.9
159.5
0.0
481.1
92.4
6,196.6
195.4
April
2015
0.0
0.0
0.0
0.0
706.6
541.9
1,841.4
1,731.4
938.3
76.0
57.6
124.7
3,572.8
938.3
169.6
0.0
484.3
93.5
6,245.9
192.1
May
2015
0.0
0.0
0.0
0.0
716.4
532.3
1,895.4
1,717.2
1,007.1
45.9
58.4
118.2
3,612.6
1,007.2
138.2
0.1
473.9
92.3
6,322.9
198.0
June
2015
0.0
0.0
0.0
0.0
764.9
505.7
2,196.8
1,775.9
1,131.6
57.7
74.6
137.7
3,972.7
1,131.7
130.4
0.0
431.1
72.7
6,759.3
116.2
April
2016
0.0
0.0
0.0
0.0
776.7
495.7
2,134.5
1,810.8
1,176.0
275.9
74.7
136.7
3,945.2
1,176.1
351.2
0.1
421.0
75.3
6,990.1
108.5
May
2016
0.0
0.0
0.0
0.0
788.7
466.9
2,156.1
1,915.1
1,216.8
150.9
74.8
159.0
4,071.2
1,216.8
216.2
0.1
392.1
65.3
7,029.2
110.4
June
2016
*Ofgoldandofficialforeignexchangeholdings.
10

11. TABLE6:CENTRALEBANKVANARUBA:SUMMARYACCOUNT
Domesticliabilities
Capital
Endof
period(1)(5)(7)(8)(2)(6)(3)(9)
Govern-
Revaluation
ofgoldand
(4)(12)
Develop-
foreign
exchange
(10)(11)
InAfl.million
reserves
ment
DemandTime
Reservemoney
reserve
money
TotalOther
Foreign
liabilities
and
Notes
depositsdeposits
ment
Domestic
assets
Foreign
assets
Total
assets
Total
liabilities
=
(13)
fundsholdings
44.913.8225.0210.3614.01,049.310.1221.03.7201219.71,409.51,429.286.3
74.77.7237.7236.8476.6951.16.685.30.1201320.61,192.91,213.588.0
50.86.3261.8262.4474.4998.57.4115.81.1201427.51,240.91,268.388.4
73.734.2271.3306.6624.91,202.86.595.32.2201522.21,482.21,504.489.6
January94.211.8233.6249.0533.91,016.56.8130.50.222.21,322.31,344.584.62015
February56.621.0231.4292.1504.81,028.312.7126.81.923.11,307.11,330.282.9
March36.218.4235.2243.8540.81,019.77.3126.43.030.21,263.81,294.083.0
April37.517.3249.9245.6535.21,030.813.5125.60.122.51,283.81,306.481.7
May57.318.4234.5340.8477.31,052.68.7124.70.123.01,322.71,345.784.0
June27.722.2240.5370.5517.11,128.111.4118.20.123.41,368.31,391.884.1
July15.619.8244.0337.9547.41,129.28.0119.02.923.41,356.61,380.085.5
August35.417.8245.2443.1554.51,242.77.8117.36.724.11,491.61,515.788.1
September23.518.7241.5428.6553.21,223.318.3109.20.125.41,457.11,482.589.4
October49.013.5240.8463.3546.51,250.716.5107.00.423.91,503.91,527.890.7
November32.425.3248.5399.1608.61,256.115.9104.91.423.41,504.51,527.991.8
December73.734.2271.3306.6624.91,202.86.595.32.222.21,482.21,504.489.6
January77.837.3251.4235.9776.81,264.17.4100.71.423.91,555.91,579.790.92016
February81.935.1246.8218.2809.31,274.321.3100.51.224.21,582.01,606.391.9
March33.459.0258.2199.5828.21,286.011.6137.52.423.31,596.11,619.389.5
April43.362.5254.0166.5843.11,263.514.9137.73.324.21,592.01,616.190.9
May178.170.2253.9216.6836.01,306.48.6136.71.023.21,771.01,794.293.2
June124.065.3260.7166.8931.91,359.47.1159.04.223.11,790.41,813.594.5
11

12. TABLE 7: COMMERCIAL BANKS' CONSOLIDATED SUMMARY ACCOUNT
In Afl. million
* Supervisory ratios cannot be derived from the consolidated balance sheet.
51.2 26.1
1,040.5 0.0
204.6 0.0
836.0 0.0
5.9 523.7
5.9 432.9
0.0 90.7
0.0 0.0
834.8 33.7
575.6 2.8
1,537.6 90.9
11.2 0.0
2,959.1 127.4
73.0 0.0
252.0 0.0
9.6 0.0
334.6 0.0
81.0 28.7
146.1 0.0
4,618.5 705.9
1,994.7 158.2
97.8 0.0
1,896.9 158.2
1,002.6 76.4
813.3 113.4
5.1 0.0
808.2 113.4
0.1 98.2
335.4 45.5
683.5 3.1
4,829.6 494.7
27.4
67.0
29.6
May 2016
77.4
1,040.5
204.6
836.0
529.6
438.8
90.7
0.0
3,086.5
868.5
578.4
1,628.4
11.2
334.6
73.0
252.0
9.6
109.7
146.1
5,324.4
2,152.9
97.8
2,055.1
1,079.0
926.7
5.1
921.6
98.3
380.9
686.5
5,324.4
Overall Resident Non-
Resident
0.0 90.790.7
53.8 16.0
1,082.3 0.0
150.4 0.0
931.9 0.0
6.0 524.0
6.0 409.6
0.0 114.4
0.0 0.0
839.8 33.5
573.7 2.9
1,543.9 91.7
11.2 0.0
2,968.6 128.0
65.0 0.0
237.0 0.0
9.8 0.0
311.8 0.0
84.0 28.6
147.7 0.0
4,654.3 696.6
1,941.1 147.1
26.9 0.0
1,914.2 147.1
1,013.7 76.3
901.5 113.7
0.0 0.0
901.5 113.7
0.1 76.8
337.7 45.8
694.3 3.1
4,888.3 462.7
27.6
67.0
29.7
June 2016
69.8
1,082.3
150.4
931.9
530.0
415.6
114.4
0.0
3,096.6
873.3
576.6
1,635.6
11.2
311.8
65.0
237.0
9.8
112.6
147.7
5,350.9
2,088.2
26.9
2,061.3
1,089.9
1,015.1
0.0
1,015.1
76.8
383.5
697.3
5,350.9
Overall Resident Non-
Resident
0.0 114.4114.4
1) Cash
2) Central Bank
a) Current account
b) Time deposits
3) Due from banks
a) Current account
b) Time deposits
1) One year and below
2) Over one year
4) Loans
a) Enterprises
b) Individuals
c) Mortgage
d) Government
5) Securities
a) Short-term securities
b) Government bonds
c) Other
6) Sundry
7) Fixed assets
8) Total
9) Current account
a) Government
b) Private sector
10) Savings deposits
11) Time deposits
a) Development funds
b) Private sector
12) Due to banks
13) Other liabilities
14) Capital and reserves
15) Total
Capital/risk-weighted assets ratio
Loan/deposit ratio
Liquidity ratio
Supervisory ratios*
Liabilities
Assets
End of period
12

13. TABLE9:GOVERNMENT'SPOSITIONWITHTHEMONETARYSYSTEM
Domesticdeposits
Central
Endof
period(1)(6)(9)8+9)(2)4+5+6)(8)10-7)
Net
liability
(5)
Commercial
banks
tothe
monetary
system
(12)
Bank
Demand
Monetary
authorities
CommercialTotal
FreeEarmarkedTotal
Gross
liquidity
position
Liabilitiesto
banks
Change
innet
liability
during
period
(4=(11=(10=(7=
1+2+3)
Development
funds
(3)
Development
funds
201590.0245.9104.6242.0346.6100.739.554.7106.049.9-61.011.8January
80.0207.9104.6235.8340.4132.55.351.377.650.331.821.0February
80.0172.3104.7235.5340.2167.98.927.354.637.735.418.4March
75.1159.5104.7235.5340.3180.813.623.954.829.612.917.3April
75.2169.6104.8237.0341.8172.238.818.575.618.8-8.618.4May
70.0138.2104.8236.1340.9202.77.220.549.918.230.522.2June
70.1123.1104.8234.8339.6216.50.914.735.417.713.719.8July
70.6146.1104.9234.8339.7193.612.522.953.222.4-22.917.8August
70.5132.4105.2234.4339.7207.38.015.542.119.713.718.7September
70.5157.5105.5242.9348.4190.832.116.962.524.5-16.513.5October
55.4142.4105.7242.9348.6206.213.219.257.729.315.325.3November
45.2173.6106.2263.0369.2195.650.623.1107.920.5-10.534.2December
201640.2190.2106.3265.8372.1181.90.877.1115.134.8-13.737.3January
40.3190.7106.5266.8373.3182.721.960.0117.133.30.835.1February
15.2133.3106.7263.2369.9236.61.431.992.325.853.959.0March
10.2130.4107.0263.2370.2239.710.532.8105.914.43.262.5April
5.1351.2107.1263.2370.319.112.1166.0248.397.8-220.670.2May
0.0216.299.3248.1347.4131.240.883.2189.326.9112.165.3June
121.2206.393.7249.5343.2136.8201223.621.358.826.4175.713.8
136.0243.5103.2247.2350.4106.8201352.122.782.425.1-30.07.7
95.2184.8104.5242.0346.5161.7201435.715.157.232.454.96.3
45.2173.6106.2263.0369.2195.6201550.623.1107.920.533.934.2
13

14. TABLE10:TOURISM
TotalTotalVisitorsbyoriginDiversificationAverageAverageCruisetourism
visitorvisitorsIndex1)nightshotel
nightsNorthOfwhichLatinOfwhichEuropeOfwhichOtherstayoccupancyNumberofShip
AmericaU.S.A.AmericaVenezuelaNether-ratepassengerscalls
lands
Period(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)(13)(14)
20126,907,143903,934576,837530,950211,596143,20179,57039,97335,9310.387.679.0582,309294
20137,126,771979,256600,634556,296266,958188,02077,01037,78834,6540.377.377.3688,568358
20147,692,9031,072,082620,567576,800338,470249,59380,15536,99532,8900.357.2667,095328
20158,329,5921,224,935665,593621,427437,254350,91880,59035,63241,4980.346.8607,019296
2015January768,968100,91458,71052,69833,72825,0186,5043,3131,9720.347.677,81942
February664,78089,99156,58250,73725,85218,7795,4542,7622,1030.377.476,06738
March712,936103,50664,51058,35330,94825,1555,5292,7352,5190.386.961,10534
April665,68799,60460,36056,88828,58222,2035,3072,8495,3550.386.749,64424
May603,85087,69152,79650,56925,38719,1586,0773,1723,4310.386.926,44713
June594,44087,44752,93351,25625,33519,0326,1102,4493,0690.396.822,2439
July747,038109,25162,60760,37134,32825,7257,8673,4644,4490.366.823,62710
August752,859111,47156,31253,53943,63736,7288,5312,8162,9910.346.823,28210
September616,23697,26339,05436,93046,71338,7048,2093,0363,2870.316.324,37213
October665,723109,02449,21846,78147,68840,3877,2603,0534,8580.326.150,95320
November681,339110,30753,43749,95346,07239,6557,4593,1123,3390.346.279,75335
December855,736118,46659,07453,35248,98440,3746,2832,8714,1250.327.291,70748
2016January785,884104,07256,59751,10536,41027,9256,6252,9094,4400.327.6101,53452
February689,34596,18558,60752,64528,72721,9205,4722,7443,3790.367.281,57438
March724,458109,99866,05560,84434,72728,0415,4962,7463,7200.386.696,73648
April645,28098,82361,52358,46428,22021,6485,4863,2133,5940.406.550,57926
May565,76380,96452,95150,51217,40610,7617,2582,7503,3490.417.020,4628
June612,51986,69756,10154,53120,60012,0526,8232,5503,1730.427.125,4527
Source:ArubaTourismAuthority/CentralBureauofStatistics/ArubaHotelandTourismAssociation/CruiseTourismAuthority.
1)TheDiversificationIndexmeasurestheconcentrationwithinthetouristmarket,andthusdemonstratesthedegreeofdiversificationbytouristorigincountries.Thehighertheindex,thehigherthelevelofconcentration,
meaninglessdiversification.Forfurtherreferenceonthemethodology(whichisanapplicationofaHerfindahl-Hirschmanindex)seetheQuarterlyBulletin(2011-I)oftheCBA.
14

15. TABLE 11: GROWTH IN STAY-OVER TOURISM
Total Total North Of which Latin Of which Europe Of which Other
visitor visitors America U.S.A. America Venezuela Nether-
nights lands
Period (1) (2) (3) (4) (5) (6) (7) (8) (9)
Monthly percentage changes 1)
2015 January 12.5 21.7 10.4 9.9 65.3 107.7 -11.5 3.5 1.2
February 5.7 13.9 6.2 5.8 58.3 79.7 -19.5 -18.0 -19.4
March 18.8 24.5 5.8 6.3 118.6 187.7 -4.5 -11.3 14.4
April 15.5 18.5 16.2 15.9 22.0 32.9 3.3 2.7 49.4
May 13.1 12.3 4.9 5.3 34.0 54.2 2.6 1.1 17.9
June 3.7 5.7 2.9 3.9 10.1 20.6 2.3 -9.8 33.4
July 9.0 13.9 9.8 10.3 23.8 33.3 6.3 3.2 16.6
August 5.6 9.2 11.0 11.0 6.7 13.0 7.1 -3.5 22.1
September 5.6 15.1 9.6 10.5 21.2 31.2 3.8 -0.5 35.9
October 7.6 17.7 9.9 10.0 25.9 34.6 8.0 -5.2 48.7
November 1.7 13.5 -1.4 -0.7 36.2 47.7 11.2 -7.4 34.8
December 3.5 7.8 3.4 5.9 13.1 14.5 -3.5 2.1 41.8
2016 January 2.2 3.1 -3.6 -3.0 8.0 11.6 1.9 -12.2 125.2
February 3.7 6.9 3.6 3.8 11.1 16.7 0.3 -0.7 60.7
March 1.6 6.3 2.4 4.3 12.2 11.5 -0.6 0.4 47.7
April -3.1 -0.8 1.9 2.8 -1.3 -2.5 3.4 12.8 -32.9
May -6.3 -7.7 0.3 -0.1 -31.4 -43.8 19.4 -13.3 -2.4
June 3.0 -0.9 6.0 6.4 -18.7 -36.7 11.7 4.1 3.4
Cumulative percentage changes 2)
2015 January 12.5 21.7 10.4 9.9 65.3 107.7 -11.5 3.5 1.2
February 9.2 17.9 8.3 7.8 62.2 94.7 -15.3 -7.5 -10.6
March 12.2 20.2 7.4 7.3 77.9 120.7 -12.2 -8.7 -2.4
April 13.0 19.7 9.5 9.4 60.3 90.1 -9.0 -6.1 15.5
May 13.0 18.3 8.6 8.6 55.0 82.7 -6.8 -4.7 16.0
June 11.5 16.2 7.7 7.8 46.1 69.8 -5.3 -5.4 18.6
July 11.1 15.8 8.0 8.2 41.8 62.4 -3.4 -4.1 18.2
August 10.3 14.8 8.4 8.5 34.0 49.9 -1.8 -4.0 18.7
September 9.8 14.9 8.5 8.7 31.8 46.4 -1.0 -3.6 20.4
October 9.6 15.2 8.6 8.8 30.9 44.5 -0.1 -3.8 23.7
November 8.8 15.0 7.6 7.9 31.5 44.9 0.9 -4.2 24.7
December 8.3 14.3 7.3 7.7 29.2 40.6 0.5 -3.7 26.2
2016 January 2.2 3.1 -3.6 -3.0 8.0 11.6 1.9 -12.2 125.2
February 2.9 4.9 -0.1 0.3 9.3 13.8 1.2 -6.9 91.9
March 2.5 5.4 0.8 1.7 10.3 13.0 0.6 -4.7 75.0
April 1.2 3.8 1.1 2.0 7.5 9.2 1.3 -0.4 26.6
May -0.2 1.7 0.9 1.6 0.7 0.0 5.1 -3.2 20.2
June 0.3 1.3 1.7 2.4 -2.2 -5.4 6.2 -2.1 17.4
1) As compared to a year earlier.
2) From the beginning of the year to the end of the indicated period as compared to the corresponding period of
a year earlier.
15

16. TABLE12:CONSUMERPRICEINDEX
(December2006=100)
PercentageChange
AllOverOverOverLast12months
groupsprevious3monthsayearoverprevious
Endofperiodindexmonthearlierearlier12months
2012116.8-0.2-2.1-3.70.6
2013116.90.3-0.50.1-2.4
2014119.51.31.42.20.4
2015118.40.60.2-0.90.5
2015January117.7-1.5-0.81.00.5
February117.6-0.1-0.40.70.6
March118.60.9-0.71.30.8
April118.5-0.10.61.10.9
May118.90.31.11.11.0
June118.4-0.4-0.20.71.0
July119.20.60.60.91.0
August118.8-0.30.00.71.0
September118.1-0.6-0.20.31.1
October117.7-0.4-1.2-0.80.9
November117.80.0-0.9-0.20.7
December118.40.60.2-0.90.5
2016January117.1-1.1-0.5-0.50.3
February116.9-0.2-0.7-0.60.2
March116.5-0.3-1.6-1.80.0
April116.50.0-0.5-1.6-0.2
May117.00.40.1-1.6-0.5
June117.40.40.8-0.8-0.6
*AsofJanuary2009,thebasisSeptember2000=100hasbeenshiftedto
December2006=100.
16