Surinamese dollar

The Surinamese dollar (ISO 4217 code SRD) has been the currency of Suriname since 2004. It is divided into 100 cents. The Surinamese dollar is normally abbreviated with the dollar sign $, or alternatively Sr$ to distinguish it from other dollar-denominated currencies. In spoken Surinamese Dutch, it is widely referred to by its acronym SRD (Dutch: [ˌɛsɛrˈdeː]), with "dollar" generally being understood as meaning the US dollar.

Surinamese dollar
Surinaamse dollar (in Dutch)
Banknote of a 20-Surinamese-dollar banknote.
ISO 4217
CodeSRD
Denominations
Subunit
 ​1⁄100cent
Pluraldollars
 centcents
Symbol$
Banknotes1, 2.5, 5, 10, 20, 50, 100 dollars
Coins1, 5, 10, 25, 100, 250 cents
Demographics
User(s) Suriname
Issuance
Central bankCentral Bank of Suriname
 Websitewww.cbvs.sr
Valuation
Inflation3.3% (June 2020)[1]

History

The dollar replaced the Surinamese guilder on 1 January 2004, with one dollar equal to 1,000 guilders.[2] 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. ​1⁄100 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 ​1⁄4 guilder, was now worth ​1⁄4 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.

Unlike most currencies in the American continent. This currency does not fluctuate freely according to the market value, its value is set by the central bank. In January 2011, the SRD was set at $ 1 at SRD 3.25. In November 2015, this was changed to a fixed rate of $ 1 to 4 SRD and in April 2016 it was further changed to $ 1 to 7.38. As of September 22, 2020, its value was modified again to be 1 dollar at 14.15 Surinamese dollars.

Coins

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

Banknotes

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.[3]

Current SRD exchange rates
From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
From XE.com: AUD CAD CHF EUR GBP HKD JPY USD
From OANDA: AUD CAD CHF EUR GBP HKD JPY USD
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD

See also

References
  1. "Home - Centrale Bank van Suriname" (in Dutch). Central Bank of Suriname. Retrieved 22 September 2020.
  2. "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" (PDF). De Nationale Assemblée van De Republiek Suriname (in Dutch). Archived from the original (PDF) on 28 November 2018. Retrieved 28 November 2018.
  3. Linzmayer, Owen (2012). "Suriname". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
Surinamese dollar
Preceded by:
Surinamese guilder
Reason: inflation
Ratio: 1 dollar = 1,000 guilders		 Currency of Suriname
1 January 2004 –		 Succeeded by:
Current
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