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

Unpublished

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.

For setting up this system the Bank send a request for TA to the Caribbean Regional Technical Assistance Center (CARTAC). This organization identified Mr. Dave Grace to aid the Bank in developing a DIS. In this regard we had different discussions with the consultant on several issues regarding the preconditions for introducing deposit insurance. The consultant will prepare a policy paper which will be discussed with the stakeholders such as deposit-taking institutions and consumer organizations. To present this paper and receive feedback a seminar will be organized which is scheduled for July 2013.

Exchange RatesFebruary 26th and until further notice

Currency Buying Selling
USD 7,396 7,520
EUR 7,977 8,145
GBP 9,477 9,714
ANG 4,112 4,228
AWG 4,112 4,228
BRL 1,655 1,714
TTD 1,079 1,114
BBD 3,667 3,760
XCD 2,712 2,783
PER 100 GYD 3,489 3,607

Gold CertificatesFebruary 26th and until further notice

Coupon SRD
5 gram 4.038,10
10 gram 8.076,20
50 gram 40.381,00
100 gram 80.762,00
500 gram 403.809,99
1000 gram 807.617,98
Gold LME: USD 1.670,20 /tr.oz.

Inflation

  Average End-of-period
2012 5.0 4.3
2013 1.9 0.6
2014 3.4 3.9
2015 6.9 25.1
2016 55.5 52.4
2017 22.0  9.2 
2018 6.8# 5.4 
2019 4.4#  4.2 
     
2019 Month-to-month Year-to-year
Jan 0.7 5.5
Feb -0.1 4.3
Mar 0.0 4.2
Apr 0.6 4.6
May 0.4  
Jun 0.4  
Jul 0.2 4.3
Aug 0.4 4.0
Sep 0.5 4.0
Oct 0.6 4.3
Nov 0.3 4.3
Dec 0.1 4.2
     
2020 Month-to-month Year-to-year
Jan*) 0.7 4.2

*) Preliminary figures

# 10-months inflation (Computations without data for May and June)

 

Exchange RatesFebruary 26th until further notice

Currency Buying Selling
USD 7,396 7,520
EUR 7,977 8,145
GBP 9,477 9,714
ANG 4,112 4,228
AWG 4,112 4,228
BRL 1,655 1,714
TTD 1,079 1,114
BBD 3,667 3,760
XCD 2,712 2,783
PER 100 GYD 3,489 3,607
CNY 1,036 1,069

Gold CertificatesFebruary 26th until further notice

Coupon SRD
5 gram 4.038,10
10 gram 8.076,20
50 gram 40.381,00
100 gram 80.762,00
500 gram 403.809,99
1000 gram 807.617,98
Gold LME: USD 1.670,20 /tr.oz.

Inflation

  Average End-of-period
2012 5.0 4.3
2013 1.9 0.6
2014 3.4 3.9
2015 6.9 25.1
2016 55.5 52.4
2017 22.0  9.2 
2018 6.8# 5.4 
2019 4.4#  4.2 
     
2019 Month-to-month Year-to-year
Jan 0.7 5.5
Feb -0.1 4.3
Mar 0.0 4.2
Apr 0.6 4.6
May 0.4  
Jun 0.4  
Jul 0.2 4.3
Aug 0.4 4.0
Sep 0.5 4.0
Oct 0.6 4.3
Nov 0.3 4.3
Dec 0.1 4.2
     
2020 Month-to-month Year-to-year
Jan*) 0.7 4.2

*) Preliminary figures

# 10-months inflation (Computations without data for May and June)

 

Balance sheet