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Line 1: {{~~Infobox~~Short description\|Currency}} {{Infobox currency ~~\| currency_name_in_local = Surinaamse dollar <small>{{in lang\|nl}}</small>~~ \| local_name = Surinaamse dollar \| replaced_currency = [[Surinamese guilder]] \| local_name_lang = nl \| image_title_2 = 5 dollar note \| iso_code = SRD \| image_1 = ~~File:~~20surinamedollar.jpg \| image_title_1 = ~~Banknote~~20 ~~of a 20-Surinamese-~~dollar ~~banknote.~~note \| image_2 = Suriname 5 Dollar observe.jpg \| date_of_introduction = 1 January 2004 \| using_countries = {{flag\|Suriname}} \| inflation_rate = 362.31% (~~June~~Feb ~~2020~~2022)<ref>{{Cite web\|url=https://www.~~cbvs~~eca-international.srcom/insights/blog/june-2021/surinam-devalues-its-currency-by-50\|title=~~Home~~Surinam -devalues ~~Centrale~~its ~~Bank~~currency ~~van~~by ~~Suriname~~33%\|publisher=~~[[Central Bank of Suriname]]~~eca-international\|language=nlen\|access-date=2211 ~~September~~July ~~2020~~2021}}</ref> \| subunit_ratio_1 = {{frac\|100}} \| subunit_name_1 = [[Cent (currency)\|cent]] \| symbol = [[Dollar sign\|$]], Sur$ \| plural = ~~dollars~~dollar \| plural_subunit_1 = ~~cents~~cent \| used_coins = 1, 5, 10, 25, 100, 250 ~~cents~~cent \| used_banknotes = ~~1, 2.5,~~ 5, 10, 20, 50, 100, 200, 500 ~~dollars~~dollar \| issuing_authority = [[Central Bank of Suriname]] \| issuing_authority_website = {{~~url~~URL\|http://www.cbvs.sr}} }} ~~\|iso_number=}}~~ The '''Surinamese dollar''' ([[ISO 4217]] code ''SRD'') has been the [[currency]] of [[Suriname]] since 2004. It is divided into 100 ''[[cent (currency)\|~~cents~~cent]]''. The Surinamese dollar is normally abbreviated with the [[dollar sign]] ''$'', or alternatively ''Sr$'' to distinguish it from other [[dollar]]-denominated currencies. In spoken [[Surinamese Dutch]], it is widely referred to by its acronym SRD ({{IPA-\|nl\|ˌɛsɛrˈdeː\|lang}}), with "dollar" generally being understood as meaning the [[US dollar]]. ==History== Line 28 ⟶ 34: 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. The value of the Surinamese dollar (SRD) was set by the central bank between 2004 and 2021. As a result, [[black market]] currency exchange thrived. The [[Central Bank of Suriname]] spent much of Suriname's foreign currency reserves supporting the official exchange rates as inflation and other factors caused the real value of the Surinamese dollar to decline against other reserve currencies. In June 2021, the central bank devalued the SRD by 33% and announced the currency would float freely.<ref>{{cite web \| url=https://www.eca-international.com/insights/blog/june-2021/surinam-devalues-its-currency-by-50 \| title=Surinam devalues its currency by 33% }}</ref> By June 2022, official exchange rates began to reflect the real floating exchange rate.<ref>{{cite web \| url=https://www.xe.com/currencycharts/?from=SRD&to=USD \| title=Surinamese Dollar to US Dollar Exchange Rate Chart \| Xe }}</ref> Unlike most currencies in the American continent. This currency does not fluctuate freely according to the market value, its value is set by the central bank. In January 2011, the SRD was set at $ 1 at SRD 3.25. In November 2015, this was changed to a fixed rate of $ 1 to 4 SRD and in April 2016 it was further changed to $ 1 to 7.38. As of September 22, 2020, its value was modified again to be 1 dollar at 14.15 Surinamese dollars. ;Historical official exchange rates of one U.S. dollar in Surinamese dollars {\| class="wikitable mw-collapsible" \|- ! Period ! Exchange rate \|- \| January 2005 - January 2011 \| {{center\| '''2.70'''}} \|- \| January 2011 - November 2015 \| {{center\| '''3.25'''}} \|- \| November 2015- April 2016 \| {{center\| '''4'''}} \|- \| April 2016 - September 2020 \| {{center\| '''7.38'''}} \|- \| September 2020 - June 2021 \| {{center\| '''14.15'''}} \|- \| June 2021 - June 2022 \| {{center\| '''21'''}} \|- \| May 2023 \| {{center\| '''37'''}} \|- \|May 2024 \| '''33.67''' \|- \|} [[File:SUR002.JPG\|thumb\|25 cent coin]] ==Coins== Line 34 ⟶ 73: ==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. Banknotes come in denominations of 5, 10, 20, 50, and 100 SRD.<ref>{{cite book \| last1 = Linzmayer \| first1 = Owen \| title = The Banknote Book \| chapter = Suriname \| publisher = www.BanknoteNews.com \| year = 2012 \| location = San Francisco, CA \| url = http://www.banknotebook.com}}</ref> Years of high inflation have greatly reduced the purchasing power of the Surinamese dollar. To ease handling of cash, banknotes of 200 and 500 SRD were announced in August 2023 and introduced by the end of March 2024.<ref>{{Cite web \|last=reveena.ramcharan \|date=2023-08-17 \|title=CBvS kondigt officieel biljetten van SRD 200 en SRD 500 aan \|url=https://gov.sr/cbvs-kondigt-officieel-biljetten-van-srd-200-en-srd-500-aan/ \|access-date=2024-04-08 \|website=Overheid van de Republiek Suriname \|language=nl}}</ref><ref>{{Cite web \|title=SRD 200 en SRD 500 biljetten al in omloop {{!}} Times of Suriname – grootste landelijk dagblad van Suriname \|url=https://www.surinametimes.com/srd-200-en-srd-500-biljetten-al-in-omloop/ \|access-date=2024-04-08 \|website=www.surinametimes.com}}</ref> {{Exchange Rate\|SRD\|JPY\|USD}} ==See also== {{Portal\|Money\|Numismatics\|Suriname}}▼ [[Economy of Suriname]] [[Central banks and currencies of the Caribbean]] *[[Guyanese dollar]] ==References== Line 56 ⟶ 97: {{n-currency\|location=[[Suriname]]\|start=1 January 2004}} {{n-after}} {{n-end}} {{dollar}} {{Suriname topics}} {{Currencies of the Americas}} ▲{{Portal bar\|Caribbean\|Money\|Numismatics\|South America\|Suriname}} [[Category:Economy of Suriname]] Line 66 ⟶ 108: [[Category:Currencies of South America]] [[Category:Currencies of the Caribbean]] [[Category:Dollar]] [[Category:Circulating currencies]]