Institutional Setting

As of 2012 Suriname´s financial sector comprised: the Central Bank of Suriname (CBoS), nine commercial banks (including subsidiaries), investment and finance companies, savings and credit unions, the National Development Bank, insurance companies, pension funds, provident funds, the stock exchange, foreign exchange bureaus, and money transfer houses.

Central Bank of Suriname

The CBvS is Suriname´s monetary authority and the country's governing body in monetary and economic affairs. This Act also charges the CBvS with the prime objective of promoting the value and stability of the currency of Suriname.

The Bank Act, moreover, establishes the CBvS as the supervisor of the banking and credit system, a task that was expanded by amendment of article 9 in 2005, to explicitly include the pension funds, insurance companies, foreign exchange houses and money transfer companies.

Depository corporations

Banks are special financial institutions because they accept checking and savings deposits from the general public. They also provide lending to the private sector. There are currently nine banks, with four being majority-owned state banks and one a subsidiary of a foreign bank. Total assets of the banks equal about 77% of total assets of the financial system, (excluding the CBoS).



The main changes in the structure of the banking system are summarized in the table below.

Commercial Banks Operating in Suriname
Jan 1957 – Mar 1957 3 Surinaamsche Bank, Vervuurts Bank, and Surinaamse Volkscredietbank
Apr 1957 – Mar 1972 4 + Hollandsche Bank-Unie
Apr 1972 – Sep 1976 5 + Landbouwbank
Oct 1976 – Sep 1997 6 + Surinaamse Postspaarbank
Oct 1997 – Aug 2005 7 + Finabank
Sep 2005 – May 2010 8 + Surichange Bank
Jun 2010 – to date 9 + Coöperatieve Spaar- en Kredietbank Godo G.A.


Other financial corporations

Other financial institutions in Suriname comprise: five investment and finance companies, 28 savings and credit unions, one savings fund, the National Development Bank, 12 insurance companies, 34 pension funds, five provident funds, the stock exchange, 25 foreign exchange bureaus, and six money transfer houses.
Total assets of these financial institutions equal about one-fourth of total bank assets (excluding the CBoS).

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

 Period   Average End-of-period
2020   34.9 60.8
2021   59.1 60.7
2022   52.4 54.6
2023   51.6 32.6
2024   16.2 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 5.7
May*)   0.8 6.0

*) Preliminary figures

 

 

Weighted Average RatesJune 30 - 15:00h (Transfers)

Currency Buying Selling
USD 37.181 37.506
EUR 44.260 45.248
GBP 50.936 51.935
XCG 20.429 20.830
AWG 20.656 21.061
BRL 6.768 6.901
TTD 5.502 5.610
BBD 18.329 18.688
XCD 13.771 14.041
GYD PER 100 17.667 18.014
CNY 5.189 5.291

Weighted Average RatesJune 30 - 15:00h (Banknotes)

Currency Buying Selling
USD 38.377 38.899
EUR 44.451 45.070
GBP 52.575 53.616
XCG 21.086 21.504
AWG 21.321 21.743
BRL 6.986 7.124
TTD 5.679 5.792
BBD 18.918 19.293
XCD 14.214 14.495
GYD PER 100 18.236 18.597
CNY 5.356 5.462

Gold CertificatesJune 30

Coupon SRD
5 gram 39.452,23
10 gram 78.904,47
50 gram 394.522,34
100 gram 789.044,68
500 gram 3.945.223,38
1000 gram 7.890.446,77
Gold LBMA USD 3.271,75 /tr.oz.

Weighted Average Accepted
OMO Rate

Auction ID Auction Date Rate (%)
CBTD250625-1W 2025-06-25 5,9
CBTD250618-1W 2025-06-18 5,8
CBTD250611-1W 2025-06-11 10,2
CBTD250604-1W 2025-06-04 4,5

Standing Lending Facility Interest Rate

Auction ID Auction Date Rate (%)
CBTD250625-1W 2025-06-25 7,1
CBTD250618-1W 2025-06-18 7,0
CBTD250611-1W 2025-06-11 12,2
CBTD250604-1W 2025-06-04 5,4
Balance sheet

Inflation

 Period   Average End-of-period
2020   34.9 60.8
2021   59.1 60.7
2022   52.4 54.6
2023   51.6 32.6
2024   16.2 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 5.7
May*)   0.8 6.0

*) Preliminary figures