Foreign Exchange Measures in Response of COVID-19
Tax Newsflash Aruba
On March 17, 2020 the Central Bank of Aruba (CBA) issued a Public Notice in response of the COVID-19 pandemic. As a result of the lock-out of inbound tourist travel, Aruba is faced with a low volume of incoming foreign exchange currency in the upcoming months. To mitigate the consequences thereof, the CBA introduced several amendments, which includes measures regarding foreign exchange to protect the international reserve which was built up through the years.
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