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 RatesAugust 26th and until further notice

Currency Buying Selling
USD 7,396 7,520
EUR 8,159 8,331
GBP 8,984 9,209
ANG 4,112 4,228
AWG 4,112 4,228
BRL 1,777 1,840
TTD 1,077 1,111
BBD 3,667 3,760
XCD 2,712 2,783
PER 100 GYD 3,482 3,599

Gold CertificatesAugust 26th and until further notice

Coupon SRD
5 gram 3.640,62
10 gram 7.281,25
50 gram 36.406,24
100 gram 72.812,49
500 gram 364.062,44
1000 gram 728.124,87
Gold LME: USD 1.505,80 / 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 26th until further notice

Currency Buying Selling
USD 7,396 7,520
EUR 8,159 8,331
GBP 8,984 9,209
ANG 4,112 4,228
AWG 4,112 4,228
BRL 1,777 1,840
TTD 1,077 1,111
BBD 3,667 3,760
XCD 2,712 2,783
PER 100 GYD 3,482 3,599
CNY 1,028 1,061

Gold CertificatesAugust 26th until further notice

Coupon SRD
5 gram 3.640,62
10 gram 7.281,25
50 gram 36.406,24
100 gram 72.812,49
500 gram 364.062,44
1000 gram 728.124,87
Gold LME: USD 1.505,80 / 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