# Aruban florin

> currency of Aruba

**Wikidata**: [Q232270](https://www.wikidata.org/wiki/Q232270)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Aruban_florin)  
**Source**: https://4ort.xyz/entity/aruban-florin

## Summary
The Aruban florin (AWG) is the official currency of Aruba, introduced on January 1, 1986, following the island's separation from the Netherlands Antilles. It replaced the Netherlands Antillean guilder and is issued by the Central Bank of Aruba. The florin is divided into 100 cents and is pegged to the US dollar at a fixed exchange rate of 1.79 AWG = 1 USD. The currency is widely accepted across Aruba and features the island's coat of arms on its banknotes.

## Key Facts
- **Currency Code**: AWG (ISO 4217 standard).
- **Symbol**: ƒ (florin sign).
- **Issuer**: Central Bank of Aruba (since 1986).
- **Introduction Date**: January 1, 1986.
- **Replaced**: Netherlands Antillean guilder (used from 1952 to 1985).
- **Subunit**: Cent (100 cents = 1 florin).
- **Exchange Rate**: Fixed at 1.79 AWG = 1 USD (as of 2018).
- **Banknotes**: Denominations of 2.50, 5, 10, 25, 50, 100, and 250 florins.
- **Coins**: 1, 5, 10, 25, and 50 cents, and 1 florin.
- **Manufacturer**: Joh. Enschedé (Dutch banknote printer).
- **Languages**: Officially recognized in Dutch and Papiamento.
- **Wikipedia Presence**: Available in 23 languages.
- **Aliases**: AWG, Afl., Florín arubeno, Florin arubain, gulden, etc.
- **Unit Symbol**: ƒ.
- **QUDT Unit ID**: CCY_AWG.
- **Wolfram Language Unit Code**: "ArubanFlorins".
- **Great Russian Encyclopedia Portal ID**: arubanskii-florin-0f4ec7.

## FAQs
**What is the Aruban florin, and when was it introduced?**
The Aruban florin (AWG) is the official currency of Aruba, introduced on January 1, 1986, following the island's separation from the Netherlands Antilles. It replaced the Netherlands Antillean guilder and is issued by the Central Bank of Aruba.

**How is the Aruban florin different from the Netherlands Antillean guilder?**
The Aruban florin was introduced in 1986 to replace the Netherlands Antillean guilder, which was used from 1952 to 1985. The florin is pegged to the US dollar at a fixed exchange rate, while the guilder was part of a broader currency system for the Dutch Caribbean.

**What denominations of banknotes and coins are in circulation?**
The Aruban florin has banknotes in denominations of 2.50, 5, 10, 25, 50, 100, and 250 florins. Coins include 1, 5, 10, 25, and 50 cents, as well as 1 florin.

**Who manufactures the Aruban florin banknotes?**
The banknotes are manufactured by Joh. Enschedé, a Dutch banknote printer and book publisher, which has been involved in currency production since 1703.

**How is the Aruban florin pegged to the US dollar?**
The Aruban florin is pegged to the US dollar at a fixed exchange rate of 1.79 AWG = 1 USD, as of 2018. This peg ensures stability and facilitates trade with the US.

**What is the role of the Central Bank of Aruba in the currency?**
The Central Bank of Aruba is responsible for issuing and regulating the Aruban florin. It maintains the currency's stability and ensures its acceptance across the island.

## Why It Matters
The Aruban florin holds significant economic and geopolitical importance as the official currency of Aruba, a constituent country of the Kingdom of the Netherlands. Its introduction in 1986 marked a pivotal moment in the island's economic autonomy, replacing the Netherlands Antillean guilder and establishing a distinct financial identity. The currency's fixed exchange rate with the US dollar has facilitated trade and investment, while its issuance by the Central Bank of Aruba underscores the island's commitment to financial stability. The florin's presence in circulation reflects Aruba's unique cultural and economic blend, combining Dutch colonial heritage with local Creole influences. As a key component of Aruba's economy, the florin supports tourism, trade, and financial services, contributing to the island's status as a critical tourism hub and financial center in the Caribbean.

## Notable For
- **Fixed Exchange Rate**: Pegged to the US dollar at 1.79 AWG = 1 USD, ensuring stability and facilitating trade.
- **Distinct Design**: Features the island's coat of arms on banknotes, reflecting its unique identity.
- **Issued by Central Bank**: The Central Bank of Aruba is responsible for its issuance, maintaining financial stability.
- **Manufactured by Joh. Enschedé**: Produced by a historic Dutch banknote printer, ensuring quality and authenticity.
- **Widely Accepted**: Recognized across Aruba and used in daily transactions.
- **Official Recognition**: Officially recognized in Dutch and Papiamento, reflecting Aruba's linguistic diversity.
- **ISO Standardization**: Adheres to ISO 4217 currency code standards (AWG).

## Body

### Currency Basics
The Aruban florin (AWG) is the official currency of Aruba, introduced on January 1, 1986, following the island's separation from the Netherlands Antilles. It replaced the Netherlands Antillean guilder and is issued by the Central Bank of Aruba. The florin is divided into 100 cents and is pegged to the US dollar at a fixed exchange rate of 1.79 AWG = 1 USD. The currency is widely accepted across Aruba and features the island's coat of arms on its banknotes.

### History and Replacement
The Aruban florin was introduced to replace the Netherlands Antillean guilder, which was used from 1952 to 1985. This change reflected Aruba's desire for greater financial autonomy and a distinct economic identity. The Central Bank of Aruba took over the issuance of the florin, ensuring its stability and regulation.

### Banknotes and Coins
The Aruban florin has banknotes in denominations of 2.50, 5, 10, 25, 50, 100, and 250 florins. Coins include 1, 5, 10, 25, and 50 cents, as well as 1 florin. The banknotes feature the island's coat of arms, while coins bear the Aruban flag and the year of minting. The currency is manufactured by Joh. Enschedé, a Dutch banknote printer and book publisher, which has been involved in currency production since 1703.

### Economic Role
The Aruban florin plays a crucial role in Aruba's economy, supporting tourism, trade, and financial services. Its fixed exchange rate with the US dollar facilitates trade and investment, while its issuance by the Central Bank of Aruba ensures financial stability. The currency is widely accepted across the island and is used in daily transactions.

### Cultural and Linguistic Context
The Aruban florin is officially recognized in Dutch and Papiamento, reflecting the island's linguistic diversity. The currency's design and issuance reflect Aruba's unique cultural blend, combining Dutch colonial heritage with local Creole influences. The florin's presence in circulation underscores the island's commitment to maintaining a distinct financial identity.

### International Standards and Recognition
The Aruban florin adheres to ISO 4217 currency code standards (AWG) and is recognized by international financial institutions. It is available in 23 languages on Wikipedia, highlighting its global recognition. The currency's symbol is ƒ, and it is represented by the QUDT unit ID CCY_AWG. The Wolfram Language unit code for the florin is "ArubanFlorins."

### Related Entities
- **Central Bank of Aruba**: Issues and regulates the Aruban florin.
- **Joh. Enschedé**: Manufactures the banknotes.
- **Kingdom of the Netherlands**: Aruba is a constituent country of the Kingdom of the Netherlands.
- **Netherlands Antillean guilder**: The currency that the Aruban florin replaced.

## References

1. Freebase Data Dumps. 2013