Surinamese dollar

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Surinamese dollar
Surinaamse dollar (in Dutch)
20surinamedollar.jpg
Banknote of a 20 Surinamese dollar banknote.
ISO 4217
Code SRD
Denominations
Subunit
1100 cent
Plural dollars
cent cents
Symbol $
Banknotes 5, 10, 20, 50, 100 dollars
Coins 1, 5, 10, 25, 100, 250 cents
Demographics
User(s)  Suriname
Issuance
Central bank Central Bank of Suriname
 Website www.cbvs.sr
Valuation
Inflation 55% (may 2016)

The dollar (ISO 4217 code SRD) has been the currency of Suriname since 2004. It is divided into 100 cents.

History[edit]

The dollar replaced the Surinamese guilder on 1 January 2004, with one dollar equal to 1000 guilders. 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).

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.

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.[1]

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. ^ 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