Centrale Bank van Suriname (CBvS) opened its doors on the 1st of April
1957 and has fulfilled an important role in the financial and monetary
activities in Suriname ever since.
Centrale Bank van Suriname is unique within the Surinamese economy and
cannot be simply compared to commercially based banks.
Main building of the CBvS at the Waterkant in Paramaribo
Centrale Bank van Suriname is assigned several tasks as worded in the
Bank Act of 1956.
These
tasks are:
- to promote the value and stability of the
currency of Suriname;
- to provide money circulation in Suriname, consisting of banknotes, and also
to facilitate money
transfers;
- to promote the development of healthy banks
and credits institutions in Suriname;
- to supervise banks and credit unions
according to the Law on Supervision of Banks and
Credit Unions 1968;
- to promote and facilitate international
currency transfers;
- to promote a balanced social-economic
development in Suriname.
CBvS
is headed by the Governor of the Bank.
To
execute the abovementioned tasks CBvS is divided into three
directorates:
-
The Directorate of Banking Operations, with its main
tasks being:
-
providing money circulation and
promoting and facilitating money transfers through accounts in Suriname;
-
acting as the cashier and banker of the State;
-
acting as banker for the commercial banks (bankers’ bank);
-
managing and administering the stock of official gold and currency .
-
The Directorate of Monetary and Economic
Affairs, with its main tasks being:
-
compiling monetary statistics;
-
compiling balance of payments data on a cash-basis;
-
analyzing the different sectors of the economy
of Suriname and linking these to monetary and balance of payments
developments.
-
The Directorate of Supervision, with its
main tasks being:
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