On July 16, 2020, the meeting of the "Experts Group on Financial Inclusion Policy" (EGFIP) of the Latin America and the Caribbean Initiative (FILAC) took place through a virtual meeting. This meeting was supposed to be held physically in Suriname, but because of the COVID-19 pandemic, it took place virtually.

FILAC is the platform for institutions that are members of the Alliance for Financial Inclusion (AFI) in the Latin America and Caribbean (LAC) to share and support their policies and regulatory frameworks related to financial inclusion development. The topics discussed during this meeting are: MSMEs, Gender and Digital Financial Services.

Mr. Norbert Mumba, Deputy Executive Director of AFI made the opening statement on behalf of AFI. In his opening speech, he emphasized the importance of digital financial services during the COVID-19 pandemic that the world is now in, especially for vulnerable groups such as Micro, Small and Medium Enterprises and women.

Mr. William Orie, Deputy Governor for Monetary and Economic Affairs, delivered the opening speech on behalf of the Governor of the Central Bank of Suriname. Mr. Orie indicated, among other things, that Suriname was also affected by the consequences of the COVID-19 pandemic. Digital financial services have also become indispensable for Suriname, in particular for making financial products and services available to the community, in particular residents in remote areas. The Central Bank of Suriname has already taken various steps to improve this and further stimulate it. Cherida Pollack-Hoogvliets of the International Relations Department also shared a PowerPoint presentation on the topic “Suriname's Journey on Financial Inclusion”.

Furthermore, during the meeting, the various Central Banks in the region provided an update on their COVID-19 crisis responses and policy solutions for MSMEs, among others, with a specific focus on digital financial services, SME financing and gender inclusive financing.

On July 17, AFI will provide a Public Private Development Training in collaboration with MasterCard. The aim of this training is to share insights on how to promote digital financial inclusion of MSMEs through technology, education and partnerships.

 

Photo 1 and 2: Deputy Governor, William Orie during the opening speech.

 

Photo 3: Cherida Pollack-Hoogvliet (left) and Vanessa D'Costa-Chehin (right) of the International Relations Department participated as well.

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
2012 5.0 4.3
2013 1.9 0.6
2014 3.4 3.9
2015 6.9 25.1
2016 55.5 52.4
2017 22.0  9.2 
2018 6.8# 5.4 
2019 4.4#  4.2 
2020 34.9 60.8
     
2020 Month-to-month Year-to-year
Jan 0.7 4.2
Feb 2.5 7.0
Mar 9.9 17.6
Apr 7.8 26.0
May 4.8 31.5
Jun 3.3 35.2
Jul 2.5 38.2
Aug 1.7 40.0
Sep 4.2 45.1
Oct 7.1 54.4
Nov 1.5 56.3
Dec 3.0 60.8
     
2021 Month-to-month Year-to-year
Jan 2.6 63.8
Feb 1.3 61.9
Mar* 2.1 50.4

*) Preliminary figures

# 10-months inflation (Computations without data for May and June)

 

Minimum Exchange RatesMay 06th until further notice

Currency Buying Selling
USD 14,018 14,290
EUR 16,822 17,157
GBP 19,499 19,887
ANG 7,699 7,852
AWG 7,784 7,939
BRL 2,582 2,632
TTD 2,070 2,111
BBD 6,907 7,044
XCD 5,190 5,293
PER 100 GYD 6,657 6,790
CNY 2,168 2,210

Maximum Exchange RatesMay 06th until further notice

Currency Buying Selling
USD 15,990 16,300
EUR 19,189 19,570
GBP 22,242 22,683
ANG 8,781 8,956
AWG 8,879 9,056
BRL 2,945 3,002
TTD 2,362 2,408
BBD 7,878 8,035
XCD 5,920 6,037
PER 100 GYD 7,594 7,745
CNY 2,472 2,521

Gold CertificatesMay 06th until further notice

Coupon SRD
5 gram 8.162,30
10 gram 16.324,60
50 gram 81.623,01
100 gram 163.246,03
500 gram 816.230,13
1000 gram 1.632.460,27
Gold LME: USD 1.776,60 /tr.oz.

Inflation

  Average End-of-period
2012 5.0 4.3
2013 1.9 0.6
2014 3.4 3.9
2015 6.9 25.1
2016 55.5 52.4
2017 22.0  9.2 
2018 6.8# 5.4 
2019 4.4#  4.2 
2020 34.9 60.8
     
2020 Month-to-month Year-to-year
Jan 0.7 4.2
Feb 2.5 7.0
Mar 9.9 17.6
Apr 7.8 26.0
May 4.8 31.5
Jun 3.3 35.2
Jul 2.5 38.2
Aug 1.7 40.0
Sep 4.2 45.1
Oct 7.1 54.4
Nov 1.5 56.3
Dec 3.0 60.8
     
2021 Month-to-month Year-to-year
Jan 2.6 63.8
Feb 1.3 61.9
Mar* 2.1 50.4

*) Preliminary figures

# 10-months inflation (Computations without data for May and June)

 

Balance sheet