The CBvS operates the national payments system of Suriname. At present, Suriname has no electronic inter-bank payment systems and all clearing and settlement of inter-bank payments (including cheques) is carried out semi-manually. In the near future, the Central Bank wishes to introduce a modern electronic payment system.
It wants to do so to provide the basis for an up-to-date financial infrastructure that operates on a sound, internationally recognized basis. This will provide benefits for: (i) the Central Bank in terms of transparency and risk reduction; (ii) the banking industry and its customers in terms of efficiency, convenience and cost; (iii) the national economy, as sound and efficient payment systems encourage economic growth; and (iv) improved confidence and ease-of-doing business for foreign investors and businesses.