Click here for the Suriname Semi-Annual Report CBvS 2013-I.

 

The global economic situation did not change much during the first half of 2013 since the last semi-annual report was published. An overall downward revision of growth prospects by international financial institutions signaled the still existing downside risks. Growth declined in most major economies, as well as in the larger emerging economies. This has led to a decline in global demand, which in turn was largely responsible for downward pressure on commodity prices.

 

The Surinamese economy was affected by the decline in international commodity prices in the first half of 2013. Production and export volumes declined in Suriname’s commodity export sectors. As a result, foreign exchange and fiscal revenue from the mining sector fell. Agricultural production and exports were also affected by unfavorable prices. However, ongoing capital investments in the oil and mining sectors were not affected. Together with a strong domestic demand this resulted in an increase in imports. The Central Bank maintained a stable exchange rate by supplying foreign exchange to the banking system. Inflation has continued to decelerate.

 

The fiscal deficit widened in the first half of 2013 as mining revenue declined and public expenditure increased. Debt financing notwithstanding, government debt has remained manageable and within its statutory limits.

 

Banking sector credit has continued to grow and tertiary sectors have remained the prime beneficiaries. Financial soundness indicators illustrate that the banking sector is sufficiently capitalized, reasonably profitable, and liquid.

 

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
2022   52.4 54.6
       
2023   Month-to-month Year-to-year
Jan   3.7 55.6
Feb   3.2 57.9
Mar   3.2 59.6
Apr   5.7 65.4
May   2.4 65.0
Jun   2.3 54.6
Jul   3.0 56.6
Aug   2.0 53.5
Sep   1.5 50.8
Oct   1.0 42.9
Nov   0.6 38.7
Dec   0.1 32.6
       
2024   Month-to-month Year-to-year
Jan   0.9 29.0
Feb   0.4 25.4
Mar   4.4 26.8
Apr   0.7 20.9
May   0.5 18.6
Jun   0.2 16.2
Jul   0.1 13.0
Aug*)   0.3 11.1

*) Preliminary figures

 

 

Weighted Average RatesNovember 04 - 15:00h (Transfers)

Currency Buying Selling
USD 34.763 35.270
EUR 37.466 37.978
GBP 45.092 45.976
ANG 19.101 19.475
AWG 19.313 19.691
BRL 5.984 6.101
TTD 5.121 5.222
BBD 17.137 17.473
XCD 12.875 13.128
GYD PER 100 16.518 16.842
CNY 4.900 4.996

Weighted Average RatesNovember 04 - 15:00h (Banknotes)

Currency Buying Selling
USD 34.777 35.292
EUR 36.976 37.543
GBP 45.110 46.003
ANG 19.108 19.487
AWG 19.321 19.703
BRL 5.986 6.105
TTD 5.123 5.225
BBD 17.144 17.483
XCD 12.880 13.135
GYD PER 100 16.525 16.852
CNY 4.902 4.999

Gold CertificatesNovember 04

Coupon SRD
5 gram 31.119,15
10 gram 62.238,31
50 gram 311.191,54
100 gram 622.383,08
500 gram 3.111.915,41
1000 gram 6.223.830,82
Gold LBMA USD 2.744,30 /tr.oz.

Weighted Average Accepted
OMO Rate

Auction ID Auction Date Rate (%)
CBTD241030-1W 2024-10-30 12,2
CBTD241023-1W 2024-10-23 12,3
CBTD241016-1W 2024-10-16 16,2
CBTD241009-1W 2024-10-09 16,2

Standing Lending Facility Interest Rate

Auction ID Auction Date Rate (%)
CBTD241030-1W 2024-10-30 14,6
CBTD241023-1W 2024-10-23 14,8
CBTD241016-1W 2024-10-16 19,4
CBTD241009-1W 2024-10-09 19,4
Balance sheet

Inflation

    Average End-of-period
2022   52.4 54.6
       
2023   Month-to-month Year-to-year
Jan   3.7 55.6
Feb   3.2 57.9
Mar   3.2 59.6
Apr   5.7 65.4
May   2.4 65.0
Jun   2.3 54.6
Jul   3.0 56.6
Aug   2.0 53.5
Sep   1.5 50.8
Oct   1.0 42.9
Nov   0.6 38.7
Dec   0.1 32.6
       
2024   Month-to-month Year-to-year
Jan   0.9 29.0
Feb   0.4 25.4
Mar   4.4 26.8
Apr   0.7 20.9
May   0.5 18.6
Jun   0.2 16.2
Jul   0.1 13.0
Aug*)   0.3 11.1

*) Preliminary figures