The Central Bank of Suriname (CBvS) was established by the Bank Act of 1956 and started its activities on April 1, 1957. Since then, this institution has played a central role in the financial and economic development of Suriname. As a monetary authority, the CBvS' main objective is to maintain the purchasing power of the Surinamese dollar (SRD). The Bank is also the supervisor of the financial sector, banker of the commercial banks, cashier and banker of the State, as well as financial advisor to the Government. Since January 10, 2024, the CBvS has also been designated by law as the resolution authority for failing credit institutions. The CBvS is currently working on a number of fundamental reforms of its own organization and of Suriname's financial system. These reforms aim to modernize and improve the efficiency, stability and integrity of the financial system.

 

MAIN OBJECTIVE

The main objective of the CBvS is laid down in the Central Bank Act 2022 (S.B. 2023 no.65) and included in Article 9:

  1. The Bank's main objective is to achieve and maintain stability in the value of the monetary unit of Suriname, or price stability.
  2. Without prejudice to its main objective, the Bank strives to maintain the stability of the financial system, or financial stability.

 

MANDATE AND TASKS

The mandate of the CBvS is laid down in the Central Bank Act 2022 (S.B. 2023 no.65) and includes the following tasks, as included in Article 10:

  1. developing and conducting monetary policy;
  2. providing the cash circulation in Suriname;
  3. exercising macro-prudential supervision to develop a sound financial system in Suriname in accordance with the applicable statutory regulations;
  4. exercising micro-prudential supervision of the banking and credit sector, the pension and insurance sector, money exchange transactions and transfers of financial resources to and from abroad and on the capital market, in accordance with the applicable statutory regulations. Supervision focuses partly on corporate governance, soundness of management and the integrity of the institutions active in these sectors and sub-sectors;
  5. taking measures to restore or resolve weak or failing credit institutions in accordance with the prevailing statutory regulations;
  6. supervising electronic and other non-cash payment transactions, in accordance with the prevailing statutory regulations;
  7. promoting the proper functioning of the domestic and foreign payment systems of Suriname.

 

MISSION

The mission is derived from the tasks of the CBvS and is as follows:

Promoting monetary and financial stability in Suriname to stimulate national socio-economic development.

 

VISION

The CBvS sets its direction by establishing its vision. With this vision we want to inform all stakeholders about our ambitions and the future vision of the CBvS.

 

The vision is as follows:

The Bank is an autonomous monetary and financial authority that is respected and contributes in a professional manner to a prosperous Suriname.

 

The key points of the vision are:

  • Autonomous monetary and financial authority;
  • Respected;
  • Professional;

 

CORE VALUES

Core values ​​are the most important values ​​of an organization, which partly determine its culture and are also called the moral compass of an organization.

 

To achieve our vision, the following core values ​​are considered essential for our employees and the organization as a whole:

  • Respect;
  • Integrity;
  • Cost awareness;
  • Professionality;

 

ORGANIZATION

In order to be able to carry out the tasks assigned by law in a technically responsible manner, modern central banks must enjoy a certain degree of autonomy, based on best practices. Practice shows that there is a positive correlation between the degree of autonomy of central banks and the achievement of the price stability objective. Autonomy and a sound and transparent system of checks and balances, accompanied by timely accountability, are crucial components of good governance.

 

The CBvS is governed by the Executive Board, consisting of the Governor and a minimum of three to a maximum of five Deputy Governors. The Executive Board is chaired by the Governor, who represents the Bank in and out of court. The Governor and the Deputy Governors are appointed by the Government for a period of seven years. The Executive Board reports to the Supervisory Board.

 

The CBvS has four directorates. In addition, there are departments with a supporting function that report directly to the Governor. 

The four directorates are:

  • Directorate of Banking and Banking Affairs
  • Directorate of Monetary and Economic Affairs
  • Directorate of Prudential Supervision
  • Directorate of Finance and Operations

 

As of February 19, 2024, the senior management of the CBvS consists of:

  • Maurice Roemer - Governor
  • Rakesh Adhin - Deputy Governor of Prudential Supervision/Alternate Governor
  • Harry Dorinnie - Deputy Governor of Monetary and Economic Affairs
  • Ricky Soedamah - Deputy Governor of Banking and Banking Affairs

 

As of the same date, the Supervisory Board consists of the following members:

  • Dharmradj Parohi - Chairman
  • Robbie Poetisi - Vice Chairman
  • Fidesha Djemesi - Director
  • Eric Feller - Director
  • Tulsa Koema-Plein - Director
  • Daniël Lachman - Director
  • Stanley Mathura - Director

 

 The CBvS offers employment to approximately 435 persons. 

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 9.6
Dec   0.5 10.1
       
2025   Month-to-month Year-to-year
Jan   0.6 9.9
Feb   0.4 9.9
Mar   0.5 5.7
Apr*   0.7 5.6

*) Preliminary figures

 

 

Weighted Average RatesJune 24 - 15:00h (Transfers)

Currency Buying Selling
USD 37.509 38.220
EUR 44.836 45.431
GBP 51.057 52.058
XCG 20.609 21.013
AWG 20.838 21.247
BRL 6.844 6.978
TTD 5.517 5.626
BBD 18.490 18.853
XCD 13.892 14.165
GYD PER 100 17.823 18.173
CNY 5.229 5.331

Weighted Average RatesJune 24 - 15:00h (Banknotes)

Currency Buying Selling
USD 38.439 39.623
EUR 44.202 44.830
GBP 52.323 53.359
XCG 21.120 21.539
AWG 21.355 21.778
BRL 7.014 7.153
TTD 5.654 5.766
BBD 18.949 19.324
XCD 14.237 14.519
GYD PER 100 18.265 18.627
CNY 5.359 5.465

Gold CertificatesJune 24

Coupon SRD
5 gram 41.540,22
10 gram 83.080,44
50 gram 415.402,19
100 gram 830.804,39
500 gram 4.154.021,93
1000 gram 8.308.043,85
Gold LBMA USD 3.380,55 /tr.oz.

Weighted Average Accepted
OMO Rate

Auction ID Auction Date Rate (%)
CBTD250618-1W 2025-06-18 5,8
CBTD250611-1W 2025-06-11 10,2
CBTD250604-1W 2025-06-04 4,5
CBTD250528-1W 2025-05-28 5,0

Standing Lending Facility Interest Rate

Auction ID Auction Date Rate (%)
CBTD250618-1W 2025-06-18 7,0
CBTD250611-1W 2025-06-11 12,2
CBTD250604-1W 2025-06-04 5,4
CBTD250528-1W 2025-05-28 6,0
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 9.6
Dec   0.5 10.1
       
2025   Month-to-month Year-to-year
Jan   0.6 9.9
Feb   0.4 9.9
Mar   0.5 5.7
Apr*   0.7 5.6

*) Preliminary figures