Central Bank of Suriname

Central Bank of Suriname
Centrale Bank van Suriname

The CBvS in 2022
Headquarters	Waterkant, Paramaribo, Suriname
Established	April 1, 1957 (1957-April-01)
Ownership	100% state ownership^[1]
Governor	Maurice Roemer
Central bank of	Suriname
Currency	Surinamese dollar SRD (ISO 4217)
Reserves	220 million USD^[1]
Website	www.cbvs.sr

The Central Bank of Suriname (CBvS) (Dutch: Centrale Bank van Suriname) is Suriname’s highest monetary authority and the country’s governing body in monetary and economic affairs.^[2]

The Central Bank’s tasks were legislated in the Bank Act of 1956. Like other central banks, it is the principal monetary authority of the country. Other tasks include the promotion of the value and stability of the currency of Suriname, the provision of money circulation, the safeguarding of private banking and credit union activities, together with balanced socio-economic development.^[3]

The Central Bank is headed by a Governor and divided into three directorates: Banking Operations, Monetary and Economic Affairs and Supervision.

YouTube Encyclopedic

1/5
Views:
1 800
827
719
1 853
384

Transcription

History

After the start of Suriname’s political self-government from the Netherlands in 1954, changes were instigated to the country’s monetary system; on 1 April 1957, the Central bank of Suriname was established in Paramaribo and took over the issuing of currency.

Until 1957, De Surinaamsche Bank (DSB), which at that time was a subsidiary of the Dutch Nederlandsche Handel-Maatschappij and the largest commercial bank in Suriname, acted as default issuer of currency.^[4]

Governors

Rudolf Groenman, April 1957 – October 1961
Victor Max de Miranda, July 1963 – December 1980
Jules Sedney, December 1980 – January 1983
Henk Goedschalk, January 1985 – January 1994
André Telting, March 1994 – December 1996
Henk Goedschalk, January 1997 – August 2000^[5]
André Telting, September 2000 – August 2010
Gillmore Hoefdraad, September 2010 – August 2015
Glenn Gersie, February 2016 – February 2019
Robert-Gray van Trikt, March 2019 – January 2020
Maurice Roemer, February 2020 –

Source:^[6]

References

^ ^a ^b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
^ "Belgian court orders company to repay millions to the Central Bank of Suriname". CNW Network. 23 Oct 2022. Retrieved 18 Aug 2023.
^ Baptiste, Dionne (1 Feb 2022). "Suriname: 8-year jail term for former Central Bank Governor". Loop News. Retrieved 18 Aug 2023.
^ "The History of Money in Suriname". Centrale Bank van Suriname – Numismatic Museum. Archived from the original on 24 April 2010. Retrieved 5 July 2010.
^ Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. Sept 1991. 2003 – via HathiTrust.
^ "Directory – Centrale Bank van Suriname". March 27, 2015. Archived from the original on March 27, 2015.

External links

Official site: Central Bank of Suriname

Crime Demographics Education Healthcare Languages People list indigenous Religion
Culture	Anthem Coat of arms Cuisine Flag Literature Music Public holidays Sport

Union of South American Nations

Members

Full Members	Bolivia Guyana Suriname Venezuela
Suspended Members	Argentina Brazil Chile Colombia Ecuador Paraguay Peru Uruguay

Summits

2004
2008
2009 Ecuador
2009 Argentina
2010
2011
2012
2013
2014

Topics

v t e Caribbean Community (CARICOM)
Secretariat (Secretary-General)
History	West Indies Federation Caribbean Free Trade Association Treaty of Chaguaramas Single Market and Economy (CSME)	Caribbean portal
Members	Antigua and Barbuda Bahamas¹ Barbados Belize Dominica Grenada Guyana Haiti¹ Jamaica Montserrat² St. Kitts and Nevis St. Lucia St. Vincent and the Grenadines Suriname Trinidad and Tobago
Associate members	Anguilla Bermuda British Virgin Islands Cayman Islands Turks and Caicos Islands
Observers	Aruba Colombia Curaçao Dominican Republic Mexico Puerto Rico Sint Maarten Venezuela
Institutions	Common Fund for Commodities (CFC) Court of Justice (CCJ) Disaster Emergency Management (CDEMA) Examinations Council (CXC) Caribbean Institute for Meteorology and Hydrology Public Health Agency (CARPHA) Single Market and Economy (CSME)
Related organizations	CARIFORUM Organisation of Eastern Caribbean States (OECS)
¹ Member of the Community but not of the CARICOM Single Market and Economy (CSME) ² British overseas territory awaiting entrustment to join the CSME

v t e Central banks
Global	Bank for International Settlements Basel Committee on Banking Supervision Financial Stability Board
Policies	Capital requirement Contractionary monetary policy Expansionary monetary policy Basel Accords
Implementation	Capital control Discount rate Interest rates Money creation Open market operation Sovereign wealth fund
Bretton Woods system	International Monetary Fund World Bank Group International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association International Finance Corporation Multilateral Investment Guarantee Agency
Lists	List of central banks Central banks and currencies of Africa Central banks and currencies of Asia-Pacific Central banks and currencies of the Caribbean Central banks and currencies of Europe Central banks and currencies of the Americas