Surinamese dollar

Surinamese dollar
Surinaamse dollar (Dutch)
Coin of the guilder series made legal tender for the dollar
ISO 4217 Code	SRD
User(s)	Suriname
Inflation	9.5%
Source	The World Factbook, 2005 est.
Subunit
1/100	cent
Symbol	$
Plural	dollars
cent	cents
Coins	1, 5, 10, 25 cents, 1, 2½ dollars
Banknotes	1, 2½, 5, 10, 20, 50, 100 dollars
Central bank	Centrale Bank van Suriname
Website	www.cbvs.sr

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

History

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 Bank of Canada.

The old coins denominated in cent (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 quarter of a guilder, was now worth quarter of a dollar.

Amendment 121 of ISO 4217 gave the currency the code SRD replacing the Suriname guilder (SRG).

Coins

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

Banknotes

In 2004, the government introduced notes (muntbiljet) for 1 and 2½ dollars, with the Central Bank of Suriname introducing notes for 5, 10, 20, 50 and 100 dollars.

See also

• Economy of Suriname

External links

• Announcement of the Central Bank of Suriname
• Modifications to ISO currency codes