Surinamese dollar

The dollar replaced the Surinamese guilder on 1 January 2004, with one dollar equal to 1,000 guilders.{{cite web |title=WET van 31 oktober 2003, houdende de vernoeming en herleiding van bedragen, rechten en verplichtingen in de gulden tot hun nominaal gelijke waarde in de dollar |url=http://www.dna.sr/media/20548/wet_vernoeming_en_herleiding_van_guldensbedragen_tot_dollarbedragen.pdf |website=De Nationale Assemblée van De Republiek Suriname |access-date=28 November 2018 |archive-url=https://web.archive.org/web/20181128132211/http://www.dna.sr/media/20548/wet_vernoeming_en_herleiding_van_guldensbedragen_tot_dollarbedragen.pdf |archive-date=28 November 2018 |language=nl}} Initially, only coins were available, with banknotes delayed until mid-February, reportedly due to a problem at the printer, the Canadian Bank Note Company.

The old coins denominated in cents (i.e. {{frac|100}} guilder) were declared to be worth their face value in the new cents, negating the necessity of producing new coins. Thus, for example, an old 25-cent coin, previously worth {{frac|4}} guilder, was now worth {{frac|4}} dollar (equivalent to 250 guilders). The rebasing of coins explicitly did not apply to commemorative coins.

Amendment 121 of ISO 4217 gave the currency the code SRD replacing the Suriname guilder (SRG).

The people of Suriname often refer to their currency as SRD to differentiate it from the US dollar, which is also used to quote prices for electronic goods, household furnishings and appliances, and automobiles.

The value of the Surinamese dollar (SRD) was set by the central bank between 2004 and 2021. As a result, black market currency exchange thrived. The Central Bank of Suriname spent much of Suriname's foreign currency reserves supporting the official exchange rates as inflation and other factors caused the real value of the Surinamese dollar to decline against other reserve currencies. In June 2021, the central bank devalued the SRD by 33% and announced the currency would float freely.{{cite web | url=https://www.eca-international.com/insights/blog/june-2021/surinam-devalues-its-currency-by-50 | title=Surinam devalues its currency by 33% }} By June 2022, official exchange rates began to reflect the real floating exchange rate.{{cite web | url=https://www.xe.com/currencycharts/?from=SRD&to=USD | title=Surinamese Dollar to US Dollar Exchange Rate Chart | Xe }}

;Historical official exchange rates of one U.S. dollar in Surinamese dollars

File:SUR002.JPG

Coins in denominations of 1, 5, 10, 25, 100 and 250 cents from the previous currency are in circulation.

The Surinamese dollar replaced the Surinamese guilder on 1 January 2004, with one dollar equal to 1,000 guilders, prompting the issuance of notes denominated in the new currency. On the notes, the currency is expressed in the singular, as is the Dutch custom. Banknotes come in denominations of 5, 10, 20, 50, and 100 SRD.{{cite book | last1 = Linzmayer | first1 = Owen | title = The Banknote Book | chapter = Suriname | publisher = www.BanknoteNews.com | year = 2012 | location = San Francisco, CA | url = http://www.banknotebook.com}}

Years of high inflation have greatly reduced the purchasing power of the Surinamese dollar. To ease handling of cash, banknotes of 200 and 500 SRD were announced in August 2023 and introduced by the end of March 2024.{{Cite web |last=reveena.ramcharan |date=2023-08-17 |title=CBvS kondigt officieel biljetten van SRD 200 en SRD 500 aan |url=https://gov.sr/cbvs-kondigt-officieel-biljetten-van-srd-200-en-srd-500-aan/ |access-date=2024-04-08 |website=Overheid van de Republiek Suriname |language=nl}}{{Cite web |title=SRD 200 en SRD 500 biljetten al in omloop {{!}} Times of Suriname – grootste landelijk dagblad van Suriname |url=https://www.surinametimes.com/srd-200-en-srd-500-biljetten-al-in-omloop/ |access-date=2024-04-08 |website=www.surinametimes.com}}

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• Economy of Suriname
• Central banks and currencies of the Caribbean
• Guyanese dollar

{{reflist}}

{{Commons|Surinamese dollar}}

• [https://www.cbvs.sr/ Central Bank of Suriname]
• [http://ciscoins.net/america/suriname/ensr2010.htm#2012 Coins of Suriname]
• [http://banknoter.com/s/suriname/ Banknotes of Suriname]

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Category:Economy of Suriname

Category:Currencies introduced in 2004

Category:Currencies of South America

Category:Currencies of the Caribbean

Category:Dollar

Category:Circulating currencies