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 RatesSeptember 23rd and until further notice

Currency Buying Selling
USD 14,018 14,290
EUR 16,451 16,779
GBP 17,932 18,288
ANG 7,699 7,852
AWG 7,784 7,939
BRL 2,583 2,635
TTD 2,064 2,104
BBD 6,907 7,044
XCD 5,190 5,293
PER 100 GYD 6,657 6,790

Gold CertificatesSeptember 23rd and until further notice

Coupon SRD
5 gram 8.763,24
10 gram 17.526,48
50 gram 87.632,41
100 gram 175.264,82
500 gram 876.324,08
1000 gram 1752648,16
Gold LME: USD 1.907,40 /tr.oz.

Inflation

  Average End-of-period
2012 5.0 4.3
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 Month-to-month Year-to-year
Jan 0.7 4.2
Feb 2.5 7.0
Mar 9.9 17.6
Apr 7.8 26.0
May 4.8 31.5
Jun 3.3 35.2
Jul*) 2.5 38.3

*) Preliminary figures

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

 

Exchange RatesSeptember 23rd until further notice

Currency Buying Selling
USD 14,018 14,290
EUR 16,451 16,779
GBP 17,932 18,288
ANG 7,699 7,852
AWG 7,784 7,939
BRL 2,583 2,635
TTD 2,064 2,104
BBD 6,907 7,044
XCD 5,190 5,293
PER 100 GYD 6,657 6,790
CNY 2,068 2,109

Gold CertificatesSeptember 23rd until further notice

Coupon SRD
5 gram 8.763,24
10 gram 17.526,48
50 gram 87.632,41
100 gram 175.264,82
500 gram 876.324,08
1000 gram 1752648,16
Gold LME: USD 1.907,40 /tr.oz.

Inflation

  Average End-of-period
2012 5.0 4.3
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 Month-to-month Year-to-year
Jan 0.7 4.2
Feb 2.5 7.0
Mar 9.9 17.6
Apr 7.8 26.0
May 4.8 31.5
Jun 3.3 35.2
Jul*) 2.5 38.3

*) Preliminary figures

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

 

Balance sheet