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Surinamese dollar

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Title: Surinamese dollar  
Author: World Heritage Encyclopedia
Language: English
Subject: Economy of Suriname, Dollar, Surinamese guilder, Suriname, Central Bank of Suriname
Collection: 2004 Introductions, Currencies of South America, Currencies of the Caribbean, Economy of Suriname
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Surinamese dollar

Surinamese dollar
Surinaamse dollar (Dutch)
Banknote of 20 Surinamese 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
1100 cent
Symbol $
Plural dollars
cent cents
Coins 1, 5, 10, 25, 100, 250 cents
Banknotes 1, 2 12, 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.

Contents

  • History 1
  • Coins 2
  • Banknotes 3
  • See also 4
  • References 5
  • External links 6

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 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.

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]

See also

References

  1. ^ Linzmayer, Owen (2012). "Suriname". The Banknote Book. San Francisco, CA: www.BanknoteNews.com. 

External links

  • Announcement of the Central Bank of Suriname
  • Modifications to ISO currency codes
  • Coins of Suriname
Surinamese dollar
Preceded by:
Surinamese guilder
Reason: inflation
Ratio: 1 dollar = 1,000 guilders
Currency of Suriname
1 January 2004 –
Succeeded by:
Current
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