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
Sep   0.9 10.5
Oct   0.6 10.1
Nov   0.2 9.6
Dec*)   0.5 10.1

*) Preliminary figures

 

 

Gewogen Gemiddelde Koersen12 februari - 15:00u (Giraal)

Geldsoort Aankoop Verkoop
USD 35,171 35,567
EUR 36,219 36,808
GBP 43,764 44,622
ANG 19,325 19,703
AWG 19,539 19,922
BRL 6,098 6,217
TTD 5,199 5,301
BBD 17,338 17,678
XCD 13,026 13,282
GYD PER 100 16,712 17,040
CNY 4,812 4,906

Gewogen Gemiddelde Koersen12 februari - 15:00u (Bankpapier)

Geldsoort Aankoop Verkoop
USD 35,129 35,487
EUR 36,015 36,225
GBP 43,712 44,578
ANG 19,302 19,684
AWG 19,516 19,903
BRL 6,091 6,211
TTD 5,193 5,296
BBD 17,317 17,660
XCD 13,011 13,268
GYD PER 100 16,692 17,023
CNY 4,806 4,901

GoudcertificatenFebruari 12

Coupure SRD
5 gram 33.109,04
10 gram 66.218,07
50 gram 331.090,37
100 gram 662.180,73
500 gram 3.310.903,65
1000 gram 6.621.807,31
Gold LBMA USD 2.895,40 /tr.oz.

Gewogen gemiddelde toegewezen OMO rente

Veiling ID Veiling Datum Rente (%)
CBTD250212-1W 2025-02-12 6,0
CBTD250205-1W 2025-02-05 6,9
CBTD250130-1W 2025-01-30 9,0
CBTD250122-1W 2025-01-22 11,6

Rente Beleningsfaciliteit

Veiling ID Veiling Datum Rente (%)
CBTD250212-1W 2025-02-12 7,2
CBTD250205-1W 2025-02-05 8,3
CBTD250130-1W 2025-01-30 10,8
CBTD250122-1W 2025-01-22 13,9
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
Sep   0.9 10.5
Oct   0.6 10.1
Nov   0.2 9.6
Dec*)   0.5 10.1

*) Preliminary figures