Educational morning at the Central Bank of Suriname

As a part of the yearly vacation activity, initiated by the Ministry of Sport and Youth Affairs, a few students visited the Central Bank of Suriname (CBvS) on Friday 6 September 2019.

In this context, the Bank developed a special program for the students. 

The Research department held a presentation about “The Government and the Central Bank of Suriname”.

The purpose of this presentation was to teach them what the government’s role is, and that the government can make decisions for   Suriname as country. This is based on the three powers; the Judicial, the Executive and the Legislative.

  

Photo 1: Mr. Mungroo, from the Research department during

                the presentation “the Government and the Central Bank”. 

 

Further, the government’s budget was citied and they explained when there is a budget surplus or - deficit. Also the five functions of the CBvS were shown in a short video and the importance of a collaboration  between the  Ministry of Finance and the CBvS, as  monetary authorities, was highlighted as well.  

The second presentation focused on, “The importance of Financial Inclusion and the National Risk Assessment”. In this presentation, the Bank employees discussed in depth the definitions of these terms and the relationship between Financial Inclusion and the National Risk Assessment.

 

Photo 2: The youngsters are listening to a presentation

                about the Importance of Financial Inclusion. 

 

 

Photo 3: Interactive session, where the benefits of

                Financial Inclusion were highlighted

 

 

Photo 4: Furthermore the relationship between Financial Inclusion

                and the National Risk Assessment was discussed.

 

The students were also showned around the library of the Bank and the Numismatic Museum.

Photo 5: The tour in the Numismatic Museum of the CBvS

 

 

Foto 6: Some youngsters in the library of the CBvS 

The students experienced the day as very instructive and pleasant. The Central Bank of Suriname can therefore look back on a successful day!

Exchange RatesMarch 09th and until further notice

Currency Buying Selling
USD 14,018 14,290
EUR 16,628 16,959
GBP 19,396 19,782
ANG 7,699 7,852
AWG 7,784 7,939
BRL 2,438 2,485
TTD 2,063 2,103
BBD 6,907 7,044
XCD 5,190 5,293
PER 100 GYD 6,657 6,790

Gold CertificatesMarch 09th and until further notice

Coupon SRD
5 gram 7.814,97
10 gram 15.629,94
50 gram 78.149,69
100 gram 156.299,39
500 gram 781.496,94
1000 gram 1562993,88
Gold LME: USD 1.701,00 /tr.oz.

Inflation

    Average End-of-period
2022   52.4 54.6
       
2023   Month-to-month Year-to-year
Jan   3.7 55.6
Feb   3.2 57.9
Mar   3.2 59.6
Apr   5.7 65.4
May   2.4 65.0
Jun   2.3 54.6
Jul   3.0 56.6
Aug   2.0 53.5
Sep   1.5 50.8
Oct   1.0 42.9
Nov   0.6 38.7
Dec   0.1 32.6
       
2024   Month-to-month Year-to-year
Jan   0.9 29.0
Feb*   0.4 25.4

*) Preliminary figures

 

 

Weighted Average RatesApril 23 - 10:00h (Transfers)

Currency Buying Selling
USD 34.100 34.787
EUR 36.390 37.110
GBP 41.997 42.820
ANG 18.736 19.103
AWG 18.944 19.316
BRL 6.541 6.669
TTD 5.026 5.125
BBD 16.810 17.139
XCD 12.630 12.877
GYD PER 100 16.203 16.521
CNY 4.708 4.800

Weighted Average RatesApril 23 - 10:00h (Banknotes)

Currency Buying Selling
USD 33.650 34.180
EUR 34.650 35.221
GBP 41.443 42.263
ANG 18.489 18.855
AWG 18.694 19.065
BRL 6.455 6.583
TTD 4.960 5.058
BBD 16.588 16.916
XCD 12.463 12.710
GYD PER 100 15.990 16.306
CNY 4.646 4.738

Gold CertificatesApril 23

Coupon SRD
5 gram 26.114,72
10 gram 52.229,43
50 gram 261.147,16
100 gram 522.294,31
500 gram 2.611.471,56
1000 gram 5.222.943,12
Gold LBMA USD 2.334,95 /tr.oz.

Weighted Average Accepted
OMO Rate

Auction ID Auction Date Rate (%)
CBTD240417-1W 2024-04-17 34,3
CBTD240411-1W 2024-04-11 34,0
CBTD240403-1W 2024-04-03 37,8
CBTD240327-1W 2024-03-27 37,2

Standing Lending Facility Interest Rate

Auction ID Auction Date Rate (%)
CBTD240417-1W 2024-04-17 41,2
CBTD240411-1W 2024-04-11 40,8
CBTD240403-1W 2024-04-03 45,4
CBTD240327-1W 2024-03-27 44,6
Balance sheet

Inflation

    Average End-of-period
2022   52.4 54.6
       
2023   Month-to-month Year-to-year
Jan   3.7 55.6
Feb   3.2 57.9
Mar   3.2 59.6
Apr   5.7 65.4
May   2.4 65.0
Jun   2.3 54.6
Jul   3.0 56.6
Aug   2.0 53.5
Sep   1.5 50.8
Oct   1.0 42.9
Nov   0.6 38.7
Dec   0.1 32.6
       
2024   Month-to-month Year-to-year
Jan   0.9 29.0
Feb*   0.4 25.4

*) Preliminary figures