Stability, risk and outlook (January 24, 2013)

Governor Gillmore Hoefdraad presented at January 24th 2013 a keynote speech on stability, risk and Suriname’s outlook for the local Chamber of Commerce.

The Governor explained why reforms are necessary to overcome challenges as amongst others high dependence on price volatility for gold and oil, outdated laws and regulation, a limited debt-tolerance due to high external risks. Moreover, the Governor introduced the upcoming Sovereign Wealth Fund, the Government’s participation in gold extraction and the issuing of bonds to raise capital for investments in both gold extraction and the expansion of oil production.

Also the role of the private sector and opportunities for private-public partnerships were addressed.
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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
Aug   0.3 11.1
Sep   0.9 10.5
Oct   0.6 10.1
Nov*)   0.2 9.7

*) Preliminary figures

 

 

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

Currency Buying Selling
USD 35.071 35.358
EUR 36.362 36.654
GBP 43.197 44.044
ANG 19.270 19.647
AWG 19.484 19.866
BRL 5.893 6.008
TTD 5.160 5.261
BBD 17.289 17.627
XCD 12.989 13.244
GYD PER 100 16.665 16.991
CNY 4.812 4.906

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

Currency Buying Selling
USD 34.976 35.351
EUR 35.744 36.100
GBP 43.080 43.933
ANG 19.218 19.598
AWG 19.431 19.816
BRL 5.877 5.993
TTD 5.146 5.248
BBD 17.242 17.583
XCD 12.954 13.211
GYD PER 100 16.620 16.949
CNY 4.799 4.894

Gold CertificatesJanuary 23

Coupon SRD
5 gram 31.282,06
10 gram 62.564,11
50 gram 312.820,56
100 gram 625.641,13
500 gram 3.128.205,65
1000 gram 6.256.411,30
Gold LBMA USD 2.751,80 /tr.oz.

Weighted Average Accepted
OMO Rate

Auction ID Auction Date Rate (%)
CBTD250122-1W 2025-01-22 11,6
CBTD250115-1W 2025-01-15 12,9
CBTD250108-1W 2025-01-08 15,0
CBTD250102-1W 2025-01-02 11,9

Standing Lending Facility Interest Rate

Auction ID Auction Date Rate (%)
CBTD250122-1W 2025-01-22 13,9
CBTD250115-1W 2025-01-15 15,5
CBTD250108-1W 2025-01-08 18,0
CBTD250102-1W 2025-01-02 14,3
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
Aug   0.3 11.1
Sep   0.9 10.5
Oct   0.6 10.1
Nov*)   0.2 9.7

*) Preliminary figures