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

*) Preliminary figures

 

 

Gewogen Gemiddelde Koersen13 december - 15:00u (Giraal)

Geldsoort Aankoop Verkoop
USD 35,174 35,487
EUR 36,518 36,957
GBP 44,550 45,424
ANG 19,326 19,705
AWG 19,541 19,924
BRL 5,828 5,942
TTD 5,197 5,298
BBD 17,339 17,679
XCD 13,027 13,283
GYD PER 100 16,714 17,041
CNY 4,835 4,930

Gewogen Gemiddelde Koersen13 december - 15:00u (Bankpapier)

Geldsoort Aankoop Verkoop
USD 34,525 34,819
EUR 35,352 35,797
GBP 43,728 44,594
ANG 18,970 19,345
AWG 19,181 19,560
BRL 5,720 5,834
TTD 5,101 5,202
BBD 17,019 17,356
XCD 12,787 13,040
GYD PER 100 16,405 16,730
CNY 4,746 4,840

GoudcertificatenDecember 13

Coupure SRD
5 gram 30.626,63
10 gram 61.253,25
50 gram 306.266,27
100 gram 612.532,53
500 gram 3.062.662,67
1000 gram 6.125.325,35
Gold LBMA USD 2.684,35 /tr.oz.

Gewogen gemiddelde toegewezen OMO rente

Veiling ID Veiling Datum Rente (%)
CBTD241211-1W 2024-12-11 13,1
CBTD241204-1W 2024-12-04 14,2
CBTD241127-1W 2024-11-27 14,1
CBTD241120-1W 2024-11-20 12,2

Rente Beleningsfaciliteit

Veiling ID Veiling Datum Rente (%)
CBTD241211-1W 2024-12-11 15,7
CBTD241204-1W 2024-12-04 17,0
CBTD241127-1W 2024-11-27 16,9
CBTD241120-1W 2024-11-20 14,6
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

*) Preliminary figures