Surinamese Dollar flag

Surinamese Dollar

Surinaamse dollar

Currency Code

SRD

ISO 968

Symbol

SRD

Native: $

Decimal Digits

2

Rounding: 0

Countries

SR

Using this currency

Currency Units

Major Unit

Name: dollar

Symbol: $

Minor Unit

Name: cent

Symbol:

Value: 0.01

Banknotes

Frequently Used

$5$10$20$50$100

Coins

Frequently Used

1 cent5 cents10 cents25 cents50 cents$1

Plural Forms

English Plural

Surinamese dollars

Native Plural

Surinaamse dollars

Overview

The Surinamese Dollar is the currency of Suriname, managed by the Central Bank of Suriname. It has experienced significant depreciation in recent years due to economic challenges and reliance on commodity exports.

Economy

  • Suriname is a member of CARICOM, OAS, OIC, UNASUR.
  • Main industries include: Bauxite and gold mining, Alumina production, Oil, Lumbering, Food processing, Fishing.
  • Suriname is part of the World Trade Organization.
  • Imports are capital equipment, petroleum, foodstuffs, cotton, consumer goods.
  • Major exports include alumina, gold, crude oil, lumber, shrimp and fish, rice, bananas.
  • GDP: $4.3 billion (2023 est.).
  • GDP per capita: $7,074 (2023 est.).
  • Unemployment rate: 7.1% (2017 est.).
  • Inflation rate: 52.4% (2023 est.).
  • Main trading partners: Switzerland, Hong Kong, United Arab Emirates, Belgium, Guyana, France.
  • Trade agreements: CARICOM Single Market, Various bilateral agreements.

History

  • Previous currencies used: Surinamese guilder, Dutch guilder.
  • The Surinamese dollar was introduced in 2004, replacing the Surinamese guilder at a rate of 1000:1 due to hyperinflation.
  • 2004: SRD introduced, replacing guilder (1000:1)
  • 2011-2014: Commodity boom period
  • 2015: Sharp devaluation begins
  • 2020: COVID-19 and economic crisis
  • 2023: IMF program negotiations
  • Exchange rate peg: Free floating since introduction.

General Information

  • ISO 4217 Code: SRD
  • Symbols: SRD/$
  • Currency Subunits: 100 cents
  • Central Bank: Central Bank of Suriname
  • Monetary Policy: Managed floating with high volatility. Focus on stabilizing currency and controlling hyperinflation through monetary reforms.
  • Bills: 5 SRD, 10 SRD, 20 SRD, 50 SRD, 100 SRD
  • Coins: 1 cent, 5 cents, 10 cents, 25 cents, 1 dollar, 2.5 dollars
  • USD Exchange Rate: Variable (approximately 36-38 SRD per USD)
  • Pegged To: None (Floating)
  • Capital: Paramaribo
  • Population: 608,333 (2023 est.)
  • Area: 163,820 km²
  • Languages: Dutch (official), English, Sranang Tongo, Caribbean Hindustani, Javanese
  • Time Zones: UTC-3 (Suriname Time)
  • Government Type: Presidential republic
  • Head of Government: President (head of state and government)
  • Independence: November 25, 1975 (from Netherlands)
  • Ethnic Groups: Hindustani 27.4%, Maroon 21.7%, Creole 15.7%, Javanese 13.7%, Mixed 13.4%, Other 7.6%, Unspecified 0.6%
  • Religions: Protestant 23.6%, Hindu 22.3%, Roman Catholic 21.6%, Muslim 13.8%, Other Christian 3.2%, Winti 1.8%, Jehovah's Witnesses 1.2%, Other 1.7%, None 7.5%, Unspecified 3.2%
  • Literacy Rate: 95.6% (2015 est.)
  • Transport: Johan Adolf Pengel International Airport, limited road network, river transport, Paramaribo port
  • Communications: Adequate telecommunications, 63% internet penetration, mobile coverage in urban areas
  • Energy: Hydroelectric 63%, Fossil fuels 37%
  • Countries Using This Currency: Suriname
  • Data Sources: Central Bank: Central Bank of Suriname (cbvs.sr), Economic Data: General Bureau of Statistics Suriname, World Bank, IMF, Trade Data: Customs Service Suriname, Demographic Data: General Bureau of Statistics Suriname, Geographic Data: Meteorological Service Suriname, Historical Data: Central Bank of Suriname archives
  • Last Updated: 2025