ORANJESTAD - Aruba’s foreign-currency financial buffer continued to grow strongly in the first months of 2026. Between the end of December 2025 and May 22, international reserves increased by more than Afl. 812 million, reaching Afl. 5.32 billion. According to the Central Bank of Aruba, strong tourism activity has been a major driver of the increase.
The Central Bank itself held Afl. 4.78 billion in official reserves. At the current level, Aruba could cover roughly 10 months of foreign payments even if new inflows of foreign currency were temporarily limited.
By the IMF’s international benchmark, Aruba’s reserves stand at more than 174% of the level considered necessary, pointing to a strong external financial position.
Commercial banks also have more funds available. Excess liquidity rose from nearly Afl. 918 million at the end of December to Afl. 1.25 billion by May 22. Lending to households and businesses also increased by more than Afl. 96 million between December and April.
Inflation remained low, falling to 0.8% in April compared with a year earlier, while the 12-month average stood at just 0.2%.
Despite the strong buffers and low inflation, the Central Bank is keeping the reserve requirement at 12.5% and remains cautious because of global economic uncertainty, oil-price movements and geopolitical tensions. Protecting the fixed exchange rate between the Aruban florin and the U.S. dollar remains a key priority.