On February 7th and 8th the new Competitive Unit Suriname hosted a two-day forum to start general awareness on the need for a competitive mindset.

The last International Competitive Index leaves much room for improvement for our country. The Government of Suriname dedicated itself towards supporting a competitive business climate. This kick-of seminar on competitiveness needs to be the catalyst for a more aware business environment.


Governor Gillmore Hoefdraad of the Central Bank of Suriname was the first keynote speaker and explained where Suriname is today and its small and medium enterprises.
One of the main points the Governor made is that small and medium entrepreneurs often lack access to credit at the regular financial institutes. The Central Bank is working towards more accessible credits for this target group by implementing several actions, for example:

  • Indirect monetary policy instruments
  • Set up of a credit bureau
  • Supporting accounting expertise
  • Set up of a Lending Fund to SME’s in cooperation with the IDB

Moreover the Central Bank is working towards a more competitive business climate by promoting privatization and deregulation and support public-private partnership initiatives.

Click here for the presentation

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

*) Preliminary figures

 

 

Weighted Average RatesJuly 15 - 15:00h (Transfers)

Currency Buying Selling
USD 29.686 29.929
EUR 31.640 32.679
GBP 38.525 39.280
ANG 16.311 16.631
AWG 16.492 16.815
BRL 5.457 5.564
TTD 4.393 4.479
BBD 14.634 14.921
XCD 10.995 11.210
GYD PER 100 14.106 14.382
CNY 4.088 4.168

Weighted Average RatesJuly 15 - 15:00h (Banknotes)

Currency Buying Selling
USD 28.923 29.522
EUR 30.562 31.256
GBP 37.535 38.278
ANG 15.892 16.206
AWG 16.068 16.386
BRL 5.317 5.422
TTD 4.280 4.365
BBD 14.258 14.540
XCD 10.712 10.924
GYD PER 100 13.743 14.016
CNY 3.983 4.062

Gold CertificatesJuly 15

Coupon SRD
5 gram 23.159,65
10 gram 46.319,30
50 gram 231.596,49
100 gram 463.192,98
500 gram 2.315.964,88
1000 gram 4.631.929,76
Gold LBMA USD 2.406,85 /tr.oz.

Weighted Average Accepted
OMO Rate

Auction ID Auction Date Rate (%)
CBTD240710-1W 2024-07-10 10,1
CBTD240703-1W 2024-07-03 13,0
CBTD240626-1W 2024-06-26 14,1
CBTD240619-1W 2024-06-19 9,9

Standing Lending Facility Interest Rate

Auction ID Auction Date Rate (%)
CBTD240710-1W 2024-07-10 12,1
CBTD240703-1W 2024-07-03 15,6
CBTD240626-1W 2024-06-26 16,9
CBTD240619-1W 2024-06-19 11,9
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

*) Preliminary figures