Institutional Setting

As of 2012 Suriname´s financial sector comprised: the Central Bank of Suriname (CBvS), nine commercial banks (including subsidiaries), investment and finance companies, savings and credit unions, the National Development Bank, insurance companies, pension funds, provident funds, the stock exchange, foreign exchange bureaus, and money transfer houses.

 

Central Bank of Suriname

The CBvS is Suriname´s monetary authority and the country's governing body in monetary and economic affairs. This Act also charges the CBvS with the prime objective of promoting the value and stability of the currency of Suriname.

The Bank Act, moreover, establishes the CBvS as the supervisor of the banking and credit system, a task that was expanded by amendment of article 9 in 2005, to explicitly include the pension funds, insurance companies, foreign exchange houses and money transfer companies.

Click here for the act

 

Depository corporations

Banks are special financial institutions because they accept checking and savings deposits from the general public. They also provide lending to the private sector. There are currently nine banks, with four being majority-owned state banks and one a subsidiary of a foreign bank. Total assets of the banks equal about 77% of total assets of the financial system, (excluding the CBoS).



The main changes in the structure of the banking system are summarized in the table below.

 Commercial Banks Operating in Suriname
Jan 1957 – Mar 1957 3  Surinaamsche Bank, Vervuurts Bank, and Surinaamse Volkscredietbank
Apr 1957 – Mar 1972 4  + Hollandsche Bank-Unie
Apr 1972 – Sep 1976 5  + Landbouwbank
Oct 1976 – Sep 1997 6  + Surinaamse Postspaarbank
Oct 1997 – Aug 2005 7  + Finabank
Sep 2005 – May 2010 8  + Surichange Bank
Jun 2010 – to date 9  + Coöperatieve Spaar- en Kredietbank Godo G.A.


Other financial corporations

Other financial institutions in Suriname comprise: five investment and finance companies, 28 savings and credit unions, one savings fund, the National Development Bank, 12 insurance companies, 34 pension funds, five provident funds, the stock exchange, 25 foreign exchange bureaus, and six money transfer houses.
Total assets of these financial institutions equal about one-fourth of total bank assets (excluding the CBoS).

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

*) Preliminary figures

 

 

Gewogen Gemiddelde Koersen14 juni - 15:00u (Giraal)

Geldsoort Aankoop Verkoop
USD 31,517 31,771
EUR 33,331 34,221
GBP 39,997 40,780
ANG 17,317 17,656
AWG 17,509 17,853
BRL 5,876 5,991
TTD 4,659 4,750
BBD 15,337 15,841
XCD 11,673 11,902
GYD PER 100 14,976 15,270
CNY 4,344 4,429

Gewogen Gemiddelde Koersen14 juni - 15:00u (Bankpapier)

Geldsoort Aankoop Verkoop
USD 31,217 31,632
EUR 32,988 33,347
GBP 39,616 40,400
ANG 17,152 17,492
AWG 17,343 17,686
BRL 5,820 5,935
TTD 4,614 4,706
BBD 15,389 15,693
XCD 11,562 11,791
GYD PER 100 14,833 15,127
CNY 4,303 4,388

GoudcertificatenJuni 14

Coupure SRD
5 gram 23.603,91
10 gram 47.207,82
50 gram 236.039,12
100 gram 472.078,23
500 gram 2.360.391,17
1000 gram 4.720.782,34
Gold LBMA USD 2.310,80/tr.oz.

Gewogen gemiddelde toegewezen OMO rente

Veiling ID Veiling Datum Rente (%)
CBTD240612-1W 2024-06-12 10,0
CBTD240605-1W 2024-06-05 16,1
CBTD240529-1W 2024-05-29 18,0
CBTD240522-1W 2024-05-22 20,0

Rente Beleningsfaciliteit

Veiling ID Veiling Datum Rente (%)
CBTD240612-1W 2024-06-12 12,0
CBTD240605-1W 2024-06-05 19,3
CBTD240529-1W 2024-05-29 21,6
CBTD240522-1W 2024-05-22 24,0
Weekbalans

Inflatie

    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

*) Preliminary figures