18th of March 2019 ANNOUNCEMENT- CENTRAL BANK FACILITATES PAYMENTS FOR THE PUBLIC

The Centrale Bank van Suriname, in consultation with the commercial banks, has made arrangements that should result in the preservation and increase of confidence in the Surinamese dollar. The managements of the banks have promised their support to the policy actions of the Central Bank.

One of the arrangements is that account holders and clients no longer have to pay any transaction costs on cash deposits and withdrawals in Surinamese dollars. On the other hand, the Central Bank stopped the costs of SRD transactions that it charged the banks for its services. 

Earlier the public was obliged to prove the origin of the cash with deposits from USD 3,000 and EUR 3,000, with underlying documents. Deposits in foreign currencies are stimulated by the measure that from now on amounts of USD 5,000 and Euro 5,000 must be given a declaration of origin. Furthermore, the commercial banks have been strongly encouraged to minimize transaction costs for cash deposits in euros. 

Suriname is known as a so-called "cash economy", because, compared to other countries, payment for goods and services still occur in cash most of the time but to keep up with international developments and obligations, changes must be made to our payment system. The Central Bank strongly urges the public to make use of the various options of cashless payments, which commercial banks offer, as much as possible.  

Central Bank of Suriname 

March 18, 2019

 

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The Caribbean Financial Action Task Force (CFATF) is an organisation comprised of twenty-five jurisdictions of the Caribbean Basin Region, which have agreed to implement the international standards for Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT), the Financial Action Task Force Recommendations (FATF Recommendations) in order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and to encourage greater compliance with the AML/CFT standards, the CFATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies thatpose a risk to the international financial system.

Click here for the CFATF public statement.

 

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Click here for the 2016 version of Suriname’s Business Environment


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Click here for the results

Click here for the results

Click here for the document

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The Republic of Suriname treasury Bills
AUCTION CALENDAR
2016



THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE ''SECURITIES ACT''), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES EXCEPT PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT.

 HIERONDER DE BIJBEHORENDE DOCUMENTEN:

 

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Paramaribo, January 13, 2016 
 
 
The Central Bank of Suriname (CBvS) today publishes its first Financial Stability Report (FSR). The report covers developments in 2014 and aims to inform policy makers, market participants, professionals and the general public on the performance and resilience of Suriname’s financial sector and to increase understanding of the various measures that the CBvS has taken to maintain a stable and secure financial sector.The Minister of Finance, Mr. Gillmore Hoefdraad, received the first copy of the report this morning.
 
 
Acting CBvS Governor Ingeborg Geduld-Nijman presents the first Financial Stability Report to Minister of Finance Gillmore Hoefdraad.
 
The FSR, which will be published annually starting from this issue, contains five parts. The first part of the report provides an overview of the domestic financial sector. The second part analyzes the international and domestic operating environment and its impact on the financial sector. The third part details the performance of the financial sector, and since banks constitute over 75 percent of this sector, the emphasis is on the banking industry. Even so, the report also covers the performance of insurance companies, pension funds and credit unions. The fourth part of the report takes account of forward-looking risks through stress tests of the banking sector, which examine the capital levels of individual banks and the banking system as a whole in the face of a number of shock scenarios. Finally, the fifth part of the report contains short articles on current topics in the field of financial stability in Suriname.
The report confirms the stability and strength of Suriname’s financial sector. In addition, the stress tests and the improved risk profile of the commercial banks reveal the resilience of the banking system, which is a result of the ongoing enhancement of the regulatory and supervisory framework of the CBvS.
 
The report is available on the website of the Central Bank: https://www.cbvs.sr/publications-research/financial-stability-report

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
Sep   0.9 10.5
Oct   0.6 10.1
Nov   0.2 9.6
Dec   0.5 10.1
       
2025   Month-to-month Year-to-year
Jan   0.6 9.9
Feb*)   0.4 9.9

*) Preliminary figures

 

 

Weighted Average RatesApril 30 - 15:00h (Transfers)

Currency Buying Selling
USD 36.629 36.692
EUR 41.766 42.042
GBP 48.906 49.865
XCG 20.126 20.520
AWG 20.349 20.748
BRL 6.526 6.653
TTD 5.413 5.519
BBD 18.057 18.410
XCD 13.566 13.832
GYD PER 100 17.405 17.746
CNY 5.041 5.140

Weighted Average RatesApril 30 - 15:00h (Banknotes)

Currency Buying Selling
USD 36.408 36.898
EUR 40.570 40.725
GBP 48.611 49.573
XCG 20.004 20.400
AWG 20.227 20.627
BRL 6.486 6.615
TTD 5.380 5.487
BBD 17.948 18.303
XCD 13.484 13.751
GYD PER 100 17.300 17.643
CNY 5.011 5.110

Gold CertificatesApril 30

Coupon SRD
5 gram 38.988,83
10 gram 77.977,65
50 gram 389.888,26
100 gram 779.776,52
500 gram 3.898.882,59
1000 gram 7.797.765,18
Gold LBMA USD 3.305,05 /tr.oz.

Weighted Average Accepted
OMO Rate

Auction ID Auction Date Rate (%)
CBTD250430-1W 2025-04-30 7,7
CBTD250423-1W 2025-04-23 7,7
CBTD250416-1W 2025-04-16 7,1
CBTD250409-1W 2025-04-09 7,4

Standing Lending Facility Interest Rate

Auction ID Auction Date Rate (%)
CBTD250430-1W 2025-04-30 9,2
CBTD250423-1W 2025-04-23 9,2
CBTD250416-1W 2025-04-16 8,5
CBTD250409-1W 2025-04-09 8,9
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
Jun   0.2 16.2
Jul   0.1 13.0
Aug   0.3 11.1
Sep   0.9 10.5
Oct   0.6 10.1
Nov   0.2 9.6
Dec   0.5 10.1
       
2025   Month-to-month Year-to-year
Jan   0.6 9.9
Feb*)   0.4 9.9

*) Preliminary figures