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

*) Preliminary figures

 

 

Weighted Average RatesJuly 15 - 15:00h (Transfers)

Currency Buying Selling
USD 29.686 29.929
EUR 31.640 32.679
GBP 38.525 39.280
ANG 16.311 16.631
AWG 16.492 16.815
BRL 5.457 5.564
TTD 4.393 4.479
BBD 14.634 14.921
XCD 10.995 11.210
GYD PER 100 14.106 14.382
CNY 4.088 4.168

Weighted Average RatesJuly 15 - 15:00h (Banknotes)

Currency Buying Selling
USD 28.923 29.522
EUR 30.562 31.256
GBP 37.535 38.278
ANG 15.892 16.206
AWG 16.068 16.386
BRL 5.317 5.422
TTD 4.280 4.365
BBD 14.258 14.540
XCD 10.712 10.924
GYD PER 100 13.743 14.016
CNY 3.983 4.062

Gold CertificatesJuly 15

Coupon SRD
5 gram 23.159,65
10 gram 46.319,30
50 gram 231.596,49
100 gram 463.192,98
500 gram 2.315.964,88
1000 gram 4.631.929,76
Gold LBMA USD 2.406,85 /tr.oz.

Weighted Average Accepted
OMO Rate

Auction ID Auction Date Rate (%)
CBTD240710-1W 2024-07-10 10,1
CBTD240703-1W 2024-07-03 13,0
CBTD240626-1W 2024-06-26 14,1
CBTD240619-1W 2024-06-19 9,9

Standing Lending Facility Interest Rate

Auction ID Auction Date Rate (%)
CBTD240710-1W 2024-07-10 12,1
CBTD240703-1W 2024-07-03 15,6
CBTD240626-1W 2024-06-26 16,9
CBTD240619-1W 2024-06-19 11,9
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

*) Preliminary figures