O

Official foreign exchange rates

Official foreign exchange rates are determined for major currencies on a daily basis using the market rates quoted for those currencies against the U.S. dollar.

Other investments

A commercial bank's investments in subsidiaries, which are not banks or bank-like institutions.

Other-real-estate-to-capital ratio (supervisory ratio)

Other real estate owned divided by test capital. The maximum allowed ratio is 25 percent.

P

Private sector

Includes business enterprises, individuals, nonblank financial institutions and foundations.

Provision for loan losses

The amount of income set aside from income from time to time and available for deduction against possible fall in the value of any loan.

Public enterprises

Companies producing goods and nonfinancial services, whose share are fully or largely owned by the Government (e.g., SETAR N.V.)

Q

Quasi-money

Comprises time and savings deposits with the commercial banks and the Centrale Bank van Aruba, as well as treasury bills held by the private sector.

R

Residents

a. Natural persons who have their domicile in Aruba and are recorded in its population register, or who actually remain for more than one year from the date of their arrival in Aruba, as soon as that year has elapsed; b. Legal persons, including open and limited partnerships, established in Aruba; c. Branches, sub offices, representative offices and agencies established in Aruba, not covered under b. d. Government administrative agencies, services and businesses; Natural and legal persons designated by the Centrale Bank van Aruba, not covered under a, b, c or d.

Revaluation differences

These are revaluation differences of gold and official foreign exchange holdings. According to the Central Bank Ordinance of December 1989, changes in the value of gold and foreign exchange due to changes in the price of gold and exchange rates are accounted for in a revaluation reserve.

Revenue and grants

Comprise receipts recorded by the Tax Collector's Office, the Department of Finance and the Bank. Revenue is divided into tax and nontax revenue. Grants are unrequited, nonrepayable, non-compulsory