Central Bank of Suriname

Central Bank of Suriname
Centrale Bank van Suriname
	The CBvS in 2022
Headquarters	Waterkant, Paramaribo, Suriname
Established	April 1, 1957
Ownership	100% state ownership
Governor	Maurice Roemer
Central bank of	Suriname
Currency	Surinamese dollar; SRD (ISO 4217)
Reserves	220 million USD
Website	www.cbvs.sr

The Central Bank of Suriname (CBvS) (Dutch: Centrale Bank van Suriname) is Suriname’s highest monetary authority and the country’s governing body in monetary and economic affairs.^[2]

The Central Bank’s tasks were legislated in the Bank Act of 1956. Like other central banks, it is the principal monetary authority of the country. Other tasks include the promotion of the value and stability of the currency of Suriname, the provision of money circulation, the safeguarding of private banking and credit union activities, together with balanced socio-economic development.^[3]

The Central Bank is headed by a Governor and divided into three directorates: Banking Operations, Monetary and Economic Affairs and Supervision.

History

After the start of Suriname’s political self-government from the Netherlands in 1954, changes were instigated to the country’s monetary system; on 1 April 1957, the Central bank of Suriname was established in Paramaribo and took over the issuing of currency.

Until 1957, De Surinaamsche Bank (DSB), which at that time was a subsidiary of the Dutch Nederlandsche Handel-Maatschappij and the largest commercial bank in Suriname, acted as default issuer of currency.^[4]

Governors

Rudolf Groenman, April 1957 – October 1961
Victor Max de Miranda, July 1963 – December 1980
Jules Sedney, December 1980 – January 1983
Henk Goedschalk, January 1985 – January 1994
André Telting, March 1994 – December 1996
Henk Goedschalk, January 1997 – August 2000^[5]
André Telting, September 2000 – August 2010
Gillmore Hoefdraad, September 2010 – August 2015
Glenn Gersie, February 2016 – February 2019
Robert-Gray van Trikt, March 2019 – January 2020
Maurice Roemer, February 2020 –

Source:^[6]

References

^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
^ "Belgian court orders company to repay millions to the Central Bank of Suriname". CNW Network. 23 Oct 2022. Retrieved 18 Aug 2023.
^ Baptiste, Dionne (1 Feb 2022). "Suriname: 8-year jail term for former Central Bank Governor". Loop News. Retrieved 18 Aug 2023.
^ "The History of Money in Suriname". Centrale Bank van Suriname – Numismatic Museum. Archived from the original on 24 April 2010. Retrieved 5 July 2010.
^ Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. Sept 1991. 2003 – via HathiTrust.
^ "Directory – Centrale Bank van Suriname". March 27, 2015. Archived from the original on March 27, 2015.

External links

Official site: Central Bank of Suriname

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[dnbinfo-1] Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.

[CNW_Network_2022_v461-2] "Belgian court orders company to repay millions to the Central Bank of Suriname". CNW Network. 23 Oct 2022. Retrieved 18 Aug 2023.

[Baptiste_2022_p462-3] Baptiste, Dionne (1 Feb 2022). "Suriname: 8-year jail term for former Central Bank Governor". Loop News. Retrieved 18 Aug 2023.

[4] "The History of Money in Suriname". Centrale Bank van Suriname – Numismatic Museum. Archived from the original on 24 April 2010. Retrieved 5 July 2010.

[5] Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. Sept 1991. 2003 – via HathiTrust.

[6] "Directory – Centrale Bank van Suriname". March 27, 2015. Archived from the original on March 27, 2015.

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Central Bank of Suriname

History

Governors

See also

References

External links