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
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
May   0.5 18.6
Jun   0.2 16.2
Jul   0.1 13.0
Aug*)   0.3 11.1

*) Preliminary figures

 

 

Gewogen Gemiddelde Koersen04 oktober - 15:00u (Giraal)

Geldsoort Aankoop Verkoop
USD 31,272 31,428
EUR 33,984 34,915
GBP 41,189 41,997
ANG 17,182 17,519
AWG 17,373 17,714
BRL 5,694 5,806
TTD 4,608 4,698
BBD 15,416 15,718
XCD 11,582 11,809
GYD PER 100 14,860 15,151
CNY 4,456 4,543

Gewogen Gemiddelde Koersen04 oktober - 15:00u (Bankpapier)

Geldsoort Aankoop Verkoop
USD 31,331 31,857
EUR 34,372 34,752
GBP 41,267 42,084
ANG 17,215 17,556
AWG 17,406 17,751
BRL 5,705 5,818
TTD 4,617 4,708
BBD 15,445 15,751
XCD 11,604 11,834
GYD PER 100 14,888 15,182
CNY 4,464 4,552

GoudcertificatenOktober 04

Coupure SRD
5 gram 26.752,73
10 gram 53.505,45
50 gram 267.527,27
100 gram 535.054,54
500 gram 2.675.272,69
1000 gram 5.350.545,39
Gold LBMA USD 2.647,65 /tr.oz.

Gewogen gemiddelde toegewezen OMO rente

Veiling ID Veiling Datum Rente (%)
CBTD241002-1W 2024-10-02 16,6
CBTD240925-1W 2024-09-25 11,1
CBTD240918-1W 2024-09-18 6,4
CBTD240911-1W 2024-09-11 6,9

Rente Beleningsfaciliteit

Veiling ID Veiling Datum Rente (%)
CBTD241002-1W 2024-10-02 19,9
CBTD240925-1W 2024-09-25 13,3
CBTD240918-1W 2024-09-18 7,7
CBTD240911-1W 2024-09-11 8,3
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
May   0.5 18.6
Jun   0.2 16.2
Jul   0.1 13.0
Aug*)   0.3 11.1

*) Preliminary figures