C ENTRALE B ANK VAN A RUBA MONEY SUPPLY WENTT DOWN Summaary of the Monthly Bulleetin of July 22013 Pre
ess Release1 ng the montth of July 20
013, money supply s
dropp
ped by Afl. 336.1 million tto Afl. 3,379
9.2 million, re
esulting from
m Durin
decre
eases in both
h net domesttic assets and net foreign
n assets (exccluding revalu
uation differe
ences of gold
d and foreign
n exch
hange holding
gs) of, respecctively, Afl. 35.3 million an
nd Afl. 0.8 miillion. Th
he contraction in net do
omestic asse
ets was attriibuted to deeclines in do
omestic credit and non‐ccredit related
d balan
nce sheet ite
ems of, respe
ectively, Afl. 22.9 million and Afl. 12.55 million. Thee drop in do
omestic crediit was due to
o decre
eases in claim
ms on both the private sector s
and the public seector of, resp
pectively, Afll. 11.3 million
n and Afl. 11.6
6 millio
on. The decline in claims on the privaate sector ste
emmed from
m a fall in com
mmercial loan
ns of Afl. 17.4 million (‐1.4
4 percent), which was partiallyy offset by a rise in houssing mortgag
ges of Afl. 5..8 million or 0.6 percentt. In addition
n, conssumer credit rose slightly by Afl. 0.4 m
million or 0.1 percent. Thee reduction iin net claims of the bankking sector on
n the p
public sector was attributted mainly to increases in governmentt deposits an
nd developme
ent funds of,, respectively
y, Afl. 6
6.5 million an
nd Afl. 3.5 million. In
n July 2013, th
he consumerr price index (CPI) registe
ered a declin e of 2.8 perccent, comparred to the same month of 2012.. Contributorry factors were w
housing, clothing & footwear, h
household operation and
d food and non‐alcoholic beve
erages. Excluding the effe
ect of food aand energy (w
which partly impacts the housing and
d transport c
components)), the c
core CPI rose by 0.6 perce
ent, compare
ed to July 2012. In
n July 2013, th
he number o
of stay‐over vvisitors reached 87,694, w
which is 8.7 p
percent (+7,028 visitors) h
higher than in
n July 2012. This gro
owth was caused mainly by a rise in v
visitors from North America and Latin
n America of, respectively
y, 4,140
0 (+8.2 perce
ent) and 3,09
95 (+17.2 perccent). The ex
xpansion in th
he North Am
merican marke
et was predo
ominantly the
e resullt of increase
ed arrivals frrom the Unitted States off America (++4,269 visitorrs or +8.9 pe
ercent), while that of the
e Latin
n American market m
resulted from gaains in the number n
of vvisitors from
m Venezuela (+2,261 visittors or +20.9
9 percent). In conttrast, the Eurropean marke
et contracted by 948 visiitors or 11.7 p
percent, related mostly to a decline in
n visito
ors from Eng
gland of 893. The average
e nights staye
ed in Aruba f
fell from 8.1 n
nights in Julyy 2012 to 7.4 nights in July
y 2013.. The numbe
er of cruise visitors grew by 14,614 in July 2013, co
ompared to t
the same mo
onth of the p
previous yearr. The n
number of sh
hip calls rose to 15 in July 2013, up from
m 6 in July 20
012. n Aruba Centtrale Bank van
September 24, 20
013 For fuurther informaation, please viisit our website (www.cbaruuba.org) or conntact the Statisstics Departmeent of the Centtrale Bank van Arubba, tel. +297‐5255‐2100, e‐mail [email protected] 1
The E
English original prevails. J.E. Irausquin Bo
J
oulevard 8 P.O.. Box 18 Oranjestad Aruba Tel. nr.: (297) 525‐22100 Fax nr.: (29
97) 525‐2101 E‐mail: c
cbaua@setarne
et.aw Website: www.cbaruba.o
org