Suriname is rapidly capturing the attention of the global community from impressive economic performance and an ambitious social economic policy agenda.

Growth rates of 4-5 percent for nearly a decade already have pushed Suriname in the upper middle-income country category (per capita income in 2012 of US$ 8860). Further economic growth is expected from large investments in mining, energy, transportation and housing, amongst others.

The Suriname Government is engaging with the private sector to strengthen economic growth and societal development. The overarching plan is the Government’s multi-annual development program, which was adopted in the National Assemblee in December 2011.

Focus in 2013 is on a three-pronged approach, involving further engagement with international business, the local entrepreneurial and service sector, and further improvement of Government’s own finances.
The Suriname Government has recently announced that it will issue a sovereign bond to raise financing for its equity stake in a pending joint-venture with two North-American mining companies in the exploration and exploitation of gold.

The Government is setting up the Savings and Stability Fund Suriname, the Suriname version of a sovereign wealth fund. With the establishment of the SSFS, income streams from mining will henceforth be allocated to the budget according to strict rules and the remaining bulk be transferred to the Fund for financial investments. The SSFS thus serves to stabilize government income and expenditure and to generate surplus savings from non-renewable resources for future generations.

While the SSFS provides safeguards now and in the future, the Government also aims to bring stability from refocusing its overall role. It has embarked on public sector reform and a public finance management program.

Lastly, the Government is supporting local entrepreneurship and innovation in various ways. It has recently transferred SRD 35 million to a fund for the financing of small and medium enterprises (Fonds Klein en Midden Groot Ondernemerschap) which is being administered by one of the small state banks.

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
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   4.4#  4.2 
2020   34.9 60.8
2021   59.1  60.7 
2022   52.4 54.6
       
2022   Month-to-month Year-to-year
Jan   3.1 61.5
Feb   1.7 62.1
Mar   2.2 62.2
Apr   1.9 59.8
May   2.7 57.5
Jun   9.1 55.1
Jul   1.7 49.2
Aug   4.0 39.1
Sep   3.3 41.9
Oct   6.5 49.0
Nov   3.7 49.5
Dec   4.7 54.6
       
2023   Month-to-month Year-to-year
Jan   3.7 55.6
Feb*   3.3 57.9

*) Preliminary figures

# 10-months inflation (Computations without data for May and June)

 

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

Currency Buying Selling
USD 35.795 36.021
EUR 38.051 38.925
GBP 44.198 45.064
ANG 19.668 20.053
AWG 19.886 20.276
BRL 7.017 7.155
TTD 5.288 5.392
BBD 17.645 17.991
XCD 13.257 13.517
PER 100 GYD 17.009 17.342
CNY 5.203 5.305

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

Currency Buying Selling
USD 35.898 36.271
EUR 37.553 37.981
GBP 44.325 45.202
ANG 19.724 20.115
AWG 19.943 20.338
BRL 7.037 7.177
TTD 5.303 5.408
BBD 17.696 18.047
XCD 13.296 13.559
PER 100 GYD 17.058 17.395
CNY 5.218 5.321

Gold CertificatesMarch 30

Coupon SRD
5 gram 22.756,69
10 gram 45.513,38
50 gram 227.566,88
100 gram 455.133,76
500 gram 2.275.668,82
1000 gram 4.551.337,63
Gold LBMA USD 1.965,00 / tr.oz

Weighted Average Accepted
OMO Rate

Auction ID Auction Date Rate (%)
CBTD230329-1W 2023-03-29 29,2
CBTD230222-1W 2023-03-22 25,1
CBTD230315-1W 2023-03-15 27,7
CBTD230308-1W 2023-03-08 26,8

Standing Lending Facility Interest Rate

Auction ID Auction Date Rate (%)
CBTD230329-1W 2023-03-29 35,0
CBTD230222-1W 2023-03-22 30,1
CBTD230315-1W 2023-03-15 33,2
CBTD230308-1W 2023-03-08 32,2
Balance sheet

Inflation

    Average End-of-period
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   4.4#  4.2 
2020   34.9 60.8
2021   59.1  60.7 
2022   52.4 54.6
       
2022   Month-to-month Year-to-year
Jan   3.1 61.5
Feb   1.7 62.1
Mar   2.2 62.2
Apr   1.9 59.8
May   2.7 57.5
Jun   9.1 55.1
Jul   1.7 49.2
Aug   4.0 39.1
Sep   3.3 41.9
Oct   6.5 49.0
Nov   3.7 49.5
Dec   4.7 54.6
       
2023   Month-to-month Year-to-year
Jan   3.7 55.6
Feb*   3.3 57.9

*) Preliminary figures

# 10-months inflation (Computations without data for May and June)