There are five main laws governing Suriname’s financial sector: (1) the Bank Act 1956, (2) the Banking and Credit System Supervision Act 2011, (3) the Pension and Provident Fund Act 2005, (4) the Banking and Credit System Supervision Act 1968 (for insurance companies), and (5) the Foreign Exchange Houses and Money Transfer Companies Act 2012.

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.

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.

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.

Subcategories

Exchange RatesAugust 19th and until further notice

Currency Buying Selling
USD 7,396 7,520
EUR 8,167 8,339
GBP 8,936 9,160
ANG 4,112 4,228
AWG 4,112 4,228
BRL 1,826 1,890
TTD 1,076 1,110
BBD 3,667 3,760
XCD 2,712 2,783
PER 100 GYD 3,474 3,591

Gold CertificatesAugust 19th and until further notice

Coupon SRD
5 gram 3.661,90
10 gram 7.323,80
50 gram 36.619,00
100 gram 73.238,01
500 gram 366.190,04
1000 gram 732.380,09
Gold LME: USD 1.514,60 /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 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  

*) Preliminary figures 

 

Exchange RatesAugust 19th until further notice

Currency Buying Selling
USD 7,396 7,520
EUR 8,167 8,339
GBP 8,936 9,160
ANG 4,112 4,228
AWG 4,112 4,228
BRL 1,826 1,890
TTD 1,076 1,110
BBD 3,667 3,760
XCD 2,712 2,783
PER 100 GYD 3,474 3,591
CNY 1,035 1,069

Gold CertificatesAugust 19th until further notice

Coupon SRD
5 gram 3.661,90
10 gram 7.323,80
50 gram 36.619,00
100 gram 73.238,01
500 gram 366.190,04
1000 gram 732.380,09
Gold LME: USD 1.514,60 /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 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  

*) Preliminary figures 

 

Balance sheet