Moody's-Suriname Credit Analysis 4DEC2014

Suriname’s rating balances a favorable growth outlook and relatively low government debt and interest burdens against an elevated economic and fiscal vulnerability to commodity price volatility and low institutional capacity. The country’s mineral wealth supports its positive economic prospects, with capital investment of up to $1.0 billion (about 17% of 2014 projected GDP) expected in a new large mining project that will be under development for the next two years.

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Suriname Seeks To Bridge Islamic Bank, South America And Caribbean

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Interim Member Country Partnership Strategy for Suriname (2014 - 2015)

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Suriname Credit Analysis November 2013

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IMF Executive Board Concludes 2013 Article IV Consultation with Suriname

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Suriname: IMF 2013 Article IV Consultation: Preliminary Conclusions

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Standard & Poor's revises Suriname's credit rating outlook to positive

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Macroeconomic stabilization in Suriname 2010-2012 - El Masy and Mansilla

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IMF Executive Board Concludes 2012 Article IV Consultation with Suriname

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IMF Country Report 2012

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Moody's Upgrades Suriname's Bond Rating to Ba3

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Press Release IMF: Article IV Consultation Suriname

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Fitch ratings, Surinames Credit Analysis Report 2012

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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
       
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

*) Preliminary figures

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

 

Weighted Average RatesSeptember 22 - 15:00h (Transfers)

Currency Buying Selling
USD 38.549 38.597
EUR 40.197 41.018
GBP 47.287 48.214
ANG 21.181 21.596
AWG 21.416 21.836
BRL 7.848 8.002
TTD 5.714 5.826
BBD 19.003 19.376
XCD 14.277 14.557
PER 100 GYD 18.317 18.676
CNY 5.278 5.381

Weighted Average RatesSeptember 22 - 15:00h (Banknotes)

Currency Buying Selling
USD 37.732 38.038
EUR 39.359 39.914
GBP 46.285 47.202
ANG 20.732 21.142
AWG 20.962 21.377
BRL 7.682 7.834
TTD 5.593 5.704
BBD 18.600 18.969
XCD 13.975 14.252
PER 100 GYD 17.929 18.284
CNY 5.166 5.268

Gold CertificatesSeptember 22

Coupon SRD
5 gram 23.763,65
10 gram 47.527,29
50 gram 237.636,46
100 gram 475.272,91
500 gram 2.376.364,56
1000 gram 4.752.729,11
Gold LBMA USD 1.915,00 /tr.oz

Weighted Average Accepted
OMO Rate

Auction ID Auction Date Rate (%)
CBTD230920-1W 2023-09-20 38,5
CBTD230913-1W 2023-09-13 38,5
CBTD230906-1W 2023-09-06 39,5
CBTD230830-1W 2023-08-30 40,4

Standing Lending Facility Interest Rate

Auction ID Auction Date Rate (%)
CBTD230920-1W 2023-09-20 46,2
CBTD230913-1W 2023-09-13 46,2
CBTD230906-1W 2023-09-06 47,4
CBTD230830-1W 2023-08-30 48,5
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
       
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

*) Preliminary figures

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