Surinamese dollar

Surinamese dollar
Surinaamse dollar (Dutch)
Coin of the guilder series made legal tender for the dollar.
ISO 4217 code	SRD
Central bank	Central Bank of Suriname
Website	www.cbvs.sr
User(s)	Suriname
Inflation	19.5%
Source	The World Factbook, 2011 est.
Subunit
1/100	cent
Symbol	$
Plural	dollars
cent	cents
Coins	1, 5, 10, 25, 100, 250 cents
Banknotes	1, 2½, 5, 10, 20, 50, 100 dollars

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).

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 USD was made to be worth 3,25 SRD.

Coins

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

Banknotes

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]

References

See also

• Economy of Suriname

External links

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