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Central Bank of Suriname

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Central Bank of Suriname
Centrale Bank van Suriname
The CBvS in 2022
The CBvS in 2022
HeadquartersWaterkant, Paramaribo, Suriname
EstablishedApril 1, 1957 (1957-April-01)
Ownership100% state ownership[1]
GovernorMaurice Roemer
Central bank ofSuriname
CurrencySurinamese dollar
SRD (ISO 4217)
Reserves220 million USD[1]
Websitewww.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.

20 Surinamese dollars

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

Source:[6]

See also

References

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