M

Monetary authorities

These are the institutions (the Centrale Bank van Aruba and the Government) that create base money

Monetary statistics

A comprehensive set of stock and flow data on the financial and nonfinancial assets and liabilities of a country's financial corporations sector.

Monetary survey

The monetary survey consolidates the accounts of the Centrale Bank van Aruba, the commercial banks, and the government. The latter is related only to the issuance of components of money supply, i.e., coins and treasury bills. This survey shows the financial relationship between the monetary sectors, whose liabilities include the money supply, and other sectors of the economy.

Money

Comprises bank notes, coins, and demand deposits of the private sector. It does not include government deposits, neither the deposits of the private sector, neither the deposits of the commercial banks with the Centrale Bank van Aruba, nor their cash holdings.

Money laundering

The process through which criminals conceal the true existence, through (?) illegal source, or illegal application of income, and then disguise that income to make it appear legitimate.

Money-creating institutions

These are the Centrale Bank van Aruba, the Government (in particular, the Treasury), and the commercial banks

Mortgage

A loan made for the purchase of buildings or other real estate and/or for the construction of buildings, and secured by the same real estate and/or buildings. Loans to nonresidents for such purposes in Aruba are considered to be loans to nonresidents.

N

Net financing

Comprises net foreign capital, nonblank domestic capital, and the net recourse to the monetary system of the government.

Net foreign assets

Aruba's net foreign assets consist mainly of convertible claims on residents and gold.

Nonresident

a. Natural and legal persons not falling under the definition of residents; b. Aruban companies or economic units licensed under Article 19 of the State Ordinance on Foreign Exchange Transactions as nonresidents for foreign exchange control purposes; c. Diplomatic and consular offices of foreign powers and international organizations represented physically in Aruba; d. Diplomatic, professional, consular and administrative personnel of foreign nationality attached to the offices referred to under c., their spouses and children residing with them.