Laws and regulations on the supervision of the financial system

Bank Act 1956
Under the Bank Act 1956 (prevailing text S.B. 173 of 2010) the Central Bank of Suriname (CBoS) is responsible for the supervision of banks, insurance companies, credit unions, pension funds, money exchange offices and money transfer offices and stock exchange and securities firms.

Progress in implementing a Deposit Insurance System in Suriname (DIS)

According to the new banking supervision law that has been approved in November 2011, the Central Bank of Suriname (Bank) has the obligation to set up a DIS within five years in consultation with the credit institutions or their representative organization.

Creating a Credit Bureau in Suriname

The Central Bank of Suriname, in cooperation with the Banking Association, has prepared draft legislation regarding the establishment of a Credit Bureau. This draft has recently been submitted to the Government to be reviewed. Submission to the Parliament is scheduled for this summer.

Subcategories

Regulations

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
Mar   4.4 26.8
Apr   0.7 20.9
May   0.5 18.6
Jun   0.2 16.2
Jul*   0.1 13.0

*) Preliminary figures

 

 

Weighted Average RatesSeptember 10 - 15:00h (Transfers)

Currency Buying Selling
USD 28.982 29.397
EUR 32.224 32.476
GBP 37.940 38.684
ANG 15.924 16.236
AWG 16.101 16.417
BRL 5.196 5.298
TTD 4.288 4.372
BBD 14.287 14.567
XCD 10.734 10.944
GYD PER 100 13.771 14.041
CNY 4.071 4.151

Weighted Average RatesSeptember 10 - 15:00h (Banknotes)

Currency Buying Selling
USD 29.066 29.527
EUR 31.376 31.550
GBP 38.050 38.803
ANG 15.970 16.287
AWG 16.148 16.468
BRL 5.211 5.314
TTD 4.301 4.386
BBD 14.328 14.612
XCD 10.765 10.978
GYD PER 100 13.811 14.085
CNY 4.083 4.164

Gold CertificatesSeptember 10

Coupon SRD
5 gram 23.625,53
10 gram 47.251,07
50 gram 236.255,34
100 gram 472.510,69
500 gram 2.362.553,44
1000 gram 4.725.106,88
Gold LBMA USD 2.499,70 /tr.oz.

Weighted Average Accepted
OMO Rate

Auction ID Auction Date Rate (%)
CBTD240904-1W 2024-09-04 6,3
CBTD240828-1W 2024-08-28 8,7
CBTD240821-1W 2024-08-21 6,4
CBTD240814-1W 2024-08-14 7,0

Standing Lending Facility Interest Rate

Auction ID Auction Date Rate (%)
CBTD240904-1W 2024-09-04 7,6
CBTD240828-1W 2024-08-28 10,4
CBTD240821-1W 2024-08-21 7,7
CBTD240814-1W 2024-08-14 8,4
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
Mar   4.4 26.8
Apr   0.7 20.9
May   0.5 18.6
Jun   0.2 16.2
Jul*   0.1 13.0

*) Preliminary figures