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

*) Preliminary figures

 

 

Weighted Average RatesFebruary 23 - 15:00h (Transfers)

Currency Buying Selling
USD 34.997 35.486
EUR 37.940 38.381
GBP 44.429 45.300
ANG 19.229 19.606
AWG 19.443 19.824
BRL 7.043 7.182
TTD 5.148 5.249
BBD 17.252 17.590
XCD 12.962 13.216
GYD PER 100 16.630 16.956
CNY 4.863 4.958

Weighted Average RatesFebruary 23 - 15:00h (Banknotes)

Currency Buying Selling
USD 34.045 34.546
EUR 35.369 35.715
GBP 43.220 44.076
ANG 18.706 19.076
AWG 18.914 19.288
BRL 6.852 6.988
TTD 5.008 5.107
BBD 16.783 17.115
XCD 12.609 12.859
GYD PER 100 16.177 16.498
CNY 4.730 4.824

Gold CertificatesFebruary 23

Coupon SRD
5 gram 23.091,83
10 gram 46.183,65
50 gram 230.918,27
100 gram 461.836,54
500 gram 2.309.182,70
1000 gram 4.618.365,39
Gold LBMA USD 2.024,00 / tr.oz

Weighted Average Accepted
OMO Rate

Auction ID Auction Date Rate (%)
CBTD240221-1W 2024-02-21 30,8
CBTD240214-1W 2024-02-14 32,1
CBTD240207-1W 2024-02-07 27,4
CBTD240131-1W 2024-01-31 28,4

Standing Lending Facility Interest Rate

Auction ID Auction Date Rate (%)
CBTD240221-1W 2024-02-21 37,0
CBTD240214-1W 2024-02-14 38,5
CBTD240207-1W 2024-02-07 32,9
CBTD240131-1W 2024-01-31 34,1
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

*) Preliminary figures