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 Koersen08 november - 15:00u (Giraal)

Geldsoort Aankoop Verkoop
USD 35,330 35,505
EUR 37,450 38,554
GBP 45,749 46,645
ANG 19,412 19,793
AWG 19,628 20,012
BRL 6,135 6,255
TTD 5,197 5,298
BBD 17,416 17,758
XCD 13,085 13,342
GYD PER 100 16,788 17,117
CNY 4,928 5,024

Gewogen Gemiddelde Koersen08 november - 15:00u (Bankpapier)

Geldsoort Aankoop Verkoop
USD 35,092 35,433
EUR 37,505 37,693
GBP 45,441 46,340
ANG 19,281 19,663
AWG 19,496 19,882
BRL 6,094 6,214
TTD 5,162 5,264
BBD 17,299 17,641
XCD 12,997 13,254
GYD PER 100 16,675 17,005
CNY 4,894 4,991

GoudcertificatenNovember 08

Coupure SRD
5 gram 30.729,49
10 gram 61.458,97
50 gram 307.294,87
100 gram 614.589,74
500 gram 3.072.948,70
1000 gram 6.145.897,41
Gold LBMA USD 2.692,00 /tr.oz.

Gewogen gemiddelde toegewezen OMO rente

Veiling ID Veiling Datum Rente (%)
CBTD241106-1W 2024-11-06 12,3
CBTD241030-1W 2024-10-30 12,2
CBTD241023-1W 2024-10-23 12,3
CBTD241016-1W 2024-10-16 16,2

Rente Beleningsfaciliteit

Veiling ID Veiling Datum Rente (%)
CBTD241106-1W 2024-11-06 14,8
CBTD241030-1W 2024-10-30 14,6
CBTD241023-1W 2024-10-23 14,8
CBTD241016-1W 2024-10-16 19,4
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