Suriname and the IMF Reach Staff-Level Agreement on the Second Review of the Extended Arrangement Under the Extended Fund Facility 

 

May 18, 2023 

 

  • The IMF staff team and Surinamese authorities reached a staff-level agreement on the second review of the authorities’ economic recovery program supported by the Extended Fund Facility (EFF). The review is subject to approval by the IMF’s Executive Board.
  • Suriname’s economy continues its slow post-pandemic recovery, but the shock of higher commodity and food prices in the second half of 2022 on the Suriname’s import-dependent economy compounded significant pre-existing policy challenges and eroded performance under the program. The economic environment remains fragile, with rapid exchange rate depreciation and high inflation imposing a heavy burden on the society.
  • The Surinamese authorities have made concerted efforts to bring the program back on track. The government’s near-term priority is to implement a prudent fiscal policy that is consistent with stabilizing the economy while protecting vulnerable households and supporting growth-enhancing investment.

 

Read more Suriname and the IMF Reach Staff-Level Agreement on the Second Review of the Extended Arrangement Under the Extended Fund Facility

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)

 

Gewogen Gemiddelde Koersen28 september - 12:30u (Giraal)

Geldsoort Aankoop Verkoop
USD 38,280 38,413
EUR 39,752 40,653
GBP 46,730 47,646
ANG 21,033 21,445
AWG 21,267 21,683
BRL 7,595 7,744
TTD 5,664 5,775
BBD 18,870 19,240
XCD 14,178 14,456
PER 100 GYD 18,190 18,546
CNY 5,240 5,343

Gewogen Gemiddelde Koersen28 september - 12:30u (Bankpapier)

Geldsoort Aankoop Verkoop
USD 37,446 37,818
EUR 38,483 39,179
GBP 45,712 46,617
ANG 20,575 20,982
AWG 20,803 21,215
BRL 7,430 7,577
TTD 5,541 5,651
BBD 18,459 18,825
XCD 13,869 14,143
PER 100 GYD 17,793 18,146
CNY 5,126 5,228

GoudcertificatenSeptember 28

Coupure SRD
5 gram 23.308,26
10 gram 46.616,53
50 gram 233.082,63
100 gram 466.165,25
500 gram 2.330.826,27
1000 gram 4.661.652,54
Gold LBMA USD 1.887,30 /tr.oz.

Gewogen gemiddelde toegewezen OMO rente

Veiling ID Veiling Datum Rente (%)
CBTD230927-1W 2023-09-27 38,2
CBTD230920-1W 2023-09-20 38,5
CBTD230913-1W 2023-09-13 38,5
CBTD230906-1W 2023-09-06 39,5

Rente Beleningsfaciliteit

Veiling ID Veiling Datum Rente (%)
CBTD230927-1W 2023-09-27 45,8
CBTD230920-1W 2023-09-20 46,2
CBTD230913-1W 2023-09-13 46,2
CBTD230906-1W 2023-09-06 47,4
Weekbalans

Inflatie

    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)