Surinamese dollar

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Surinamese dollar
Surinaamse dollar (in Dutch)
20surinamedollar.jpg
Banknote of a 20-Surinamese-dollar banknote.
ISO 4217
CodeSRD
Denominations
Subunit
 ​1100cent
Pluraldollars
centcents
Symbol$
Banknotes5, 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
Inflation55% (May 2016)

The Surinamese dollar (ISO 4217 code SRD) has been the currency of Suriname since 2004. It is normally abbreviated with the dollar sign $, or alternatively Sr$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

History[edit]

The dollar replaced the Surinamese guilder on 1 January 2004, with one dollar equal to 1,000 guilders[1]. 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. ​1100 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 ​14 guilder, was now worth ​14 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.

In January 2011, the SRD was fixed at 1 USD = 3.25 SRD.

In November 2015, this was changed to a fixed rate of USD = 4.0 SRD and in April 2016 this was further changed.

As of 23 October 2018, 1 Euro is equivalent to 8.54 Surinamese Dollars.

Coins[edit]

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

Banknotes[edit]

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.[2]

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: 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[edit]

References[edit]

  1. ^ "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.
  2. ^ Linzmayer, Owen (2012). "Suriname". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.

External links[edit]

Surinamese dollar
Preceded by:
Surinamese guilder
Reason: inflation
Ratio: 1 dollar = 1,000 guilders
Currency of Suriname
1 January 2004 –
Succeeded by:
Current