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
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

*) Preliminary figures

 

 

Weighted Average RatesFebruary 23 - 15:00h (Transfers)

Currency Buying Selling
USD 34.997 35.486
EUR 37.940 38.381
GBP 44.429 45.300
ANG 19.229 19.606
AWG 19.443 19.824
BRL 7.043 7.182
TTD 5.148 5.249
BBD 17.252 17.590
XCD 12.962 13.216
GYD PER 100 16.630 16.956
CNY 4.863 4.958

Weighted Average RatesFebruary 23 - 15:00h (Banknotes)

Currency Buying Selling
USD 34.045 34.546
EUR 35.369 35.715
GBP 43.220 44.076
ANG 18.706 19.076
AWG 18.914 19.288
BRL 6.852 6.988
TTD 5.008 5.107
BBD 16.783 17.115
XCD 12.609 12.859
GYD PER 100 16.177 16.498
CNY 4.730 4.824

Gold CertificatesFebruary 23

Coupon SRD
5 gram 23.091,83
10 gram 46.183,65
50 gram 230.918,27
100 gram 461.836,54
500 gram 2.309.182,70
1000 gram 4.618.365,39
Gold LBMA USD 2.024,00 / tr.oz

Weighted Average Accepted
OMO Rate

Auction ID Auction Date Rate (%)
CBTD240221-1W 2024-02-21 30,8
CBTD240214-1W 2024-02-14 32,1
CBTD240207-1W 2024-02-07 27,4
CBTD240131-1W 2024-01-31 28,4

Standing Lending Facility Interest Rate

Auction ID Auction Date Rate (%)
CBTD240221-1W 2024-02-21 37,0
CBTD240214-1W 2024-02-14 38,5
CBTD240207-1W 2024-02-07 32,9
CBTD240131-1W 2024-01-31 34,1
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

*) Preliminary figures