April 25, 2019 Communiqué-Issue of money shipment to the next phase

Suriname has been experiencing the adverse effects of the cessation of regular money shipments for a long time, after a shipment was unexpectedly seized by the Dutch public prosecution service last year April. The earlier mentioned effects are shortage of cash us dollars and a surplus of cash euros and a negative influence on the exchange rate.

The time has come that the central bank and the commercial banks have unanimously decided to request the Dutch court to remove the order to seize the shipment.

The banks, which have never been designated as suspects, have fully cooperated with the investigation and have tried to resolve the matter in consultation with the Dutch public prosecution service.

However, the Dutch public prosecution service appeared to have insufficient ear for the arguments of the banks and for the negative impact on the Surinamese economy. That is why the matter is now being referred to the court. the team of lawyers awaits the outcome with confidence because the originally stated ground of the seizure has expired and there is no other reasonable ground for continuation of the seizure. 

Besides removing the order of the current seizure, the banks are working towards a solution for future money shipments so they can resume in the foreseeable future and the monetary situation normalizes. 

Central Bank of Suriname 

April 25, 2019

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
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 
2020 34.9 60.8
     
2020 Month-to-month Year-to-year
Jan 0.7 4.2
Feb 2.5 7.0
Mar 9.9 17.6
Apr 7.8 26.0
May 4.8 31.5
Jun 3.3 35.2
Jul 2.5 38.2
Aug 1.7 40.0
Sep 4.2 45.1
Oct 7.1 54.4
Nov 1.5 56.3
Dec 3.0 60.8
     
2021 Month-to-month Year-to-year
Jan 2.6 63.8
Feb 1.3 61.9
Mar* 2.1 50.4

*) Preliminary figures

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

 

Minimum Exchange RatesMay 12th until further notice

Currency Buying Selling
USD 14,018 14,290
EUR 17,054 17,393
GBP 19,827 20,221
ANG 7,699 7,852
AWG 7,784 7,939
BRL 2,683 2,735
TTD 2,061 2,102
BBD 6,907 7,044
XCD 5,190 5,293
PER 100 GYD 6,657 6,790
CNY 2,182 2,225

Maximum Exchange RatesMay 12th until further notice

Currency Buying Selling
USD 15,990 16,300
EUR 19,452 19,839
GBP 22,616 23,065
ANG 8,781 8,956
AWG 8,879 9,056
BRL 3,061 3,120
TTD 2,351 2,397
BBD 7,878 8,035
XCD 5,920 6,037
PER 100 GYD 7,594 7,745
CNY 2,489 2,537

Gold CertificatesMay 12th until further notice

Coupon SRD
5 gram 8.440,26
10 gram 16.880,52
50 gram 84.402,59
100 gram 168.805,18
500 gram 844.025,88
1000 gram 1.688.051,76
Gold LME: USD 1.837,10 /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 
2020 34.9 60.8
     
2020 Month-to-month Year-to-year
Jan 0.7 4.2
Feb 2.5 7.0
Mar 9.9 17.6
Apr 7.8 26.0
May 4.8 31.5
Jun 3.3 35.2
Jul 2.5 38.2
Aug 1.7 40.0
Sep 4.2 45.1
Oct 7.1 54.4
Nov 1.5 56.3
Dec 3.0 60.8
     
2021 Month-to-month Year-to-year
Jan 2.6 63.8
Feb 1.3 61.9
Mar* 2.1 50.4

*) Preliminary figures

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

 

Balance sheet