The florin is the official currency of Aruba. Until 1986, Aruba was a part of the Netherlands Antilles, but after independence, the country required its own monetary system. The florin was introduced to replace the Netherlands Antilles guilder, which is still in use in Curacaos and Sint Maarten.
The florin is overseen by the Central Bank of Aruba, which was established on 1 January 1986 when Aruba officially became an independent country within the Kingdom of the Netherlands. The Central Bank of Aruba is an autonomous legal entity within the public ranks of Aruba. The Central Bank has several principle tasks. Among these tasks are to conduct monetary policy, supervise the country’s financial system, issue coins and banknotes, provide national banking services and act as a central foreign exchange bank. Among the bank’s activities are the regulation of credit, commercial bank supervision, management of the gold and currency reserves, regulating international payments and monitoring the economy of the country.
When the Aruban florin was introduced in 1986, the currency was pegged to the U.S. dollar. The Central Bank of Aruba was given sole authority over the currency by the Central Bank Ordinance. From 1986 to 1989, the first banknotes were issued by the Central Bank. These first banknotes were meant to be temporary and were replaced by permanent banknotes issued in 1900 and 1993. The permanent banknotes were designed by Evelino Fingal and printed by Joh. Enschede in the Netherlands. Coins for the new monetary system of Aruba were also designed by Fingal and produced by the Netherlands Mint.
In order to create a unique banknote for the new Aruban florin, animals from native wildlife were combined with the motifs of local pre-Columbian pottery. The banknote denominations and their respective animals are as follows: 10 florin – conch, 25 florin – rattlesnake, 50 florin – owl, 100 florin – frog and 500 florin – grouper. Aruban banknotes gained worldwide recognition by including a raised identification code on the front lower left so the visually impaired can easily identify various denominations.