Surinamese dollar
| Surinamese dollar | |
|---|---|
| Surinaamse dollar (in Dutch) | |
 Banknote of a 20-Surinamese-dollar banknote. | |
| ISO 4217 | |
| Code | SRD |
| Denominations | |
| Subunit | |
| 1⁄100 | cent |
| Plural | dollars |
| cent | cents |
| Symbol | $ |
| Banknotes | 5, 10, 20, 50, 100 dollars |
| Coins | 1, 5, 10, 25, 100, 250 cents |
| Demographics | |
| User(s) |
 |
| Issuance | |
| Central bank | Central Bank of Suriname |
| Website | www.cbvs.sr |
| Valuation | |
| Inflation | 55% (May 2016) |
The Surinamese dollar (ISO 4217 code SRD) has been the currency of Suriname since 2004. It is normally abbreviated with the dollar sign $, or alternatively Sr$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.
History
The dollar replaced the Surinamese guilder on 1 January 2004, with one dollar equal to 1,000 guilders. Initially, only coins were available, with banknotes delayed until mid-February, reportedly due to a problem at the printer, the Canadian Bank Note Company.
The old coins denominated in cents (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 1⁄4 guilder, was now worth 1⁄4 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.
In November 2015, this was changed to a fixed rate of USD = 4.0 SRD and in April 2016 this was further changed.
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]
| Current SRD exchange rates | |
|---|---|
| From Google Finance: | AUD CAD CHF EUR GBP HKD JPY USD |
| From Yahoo! Finance: | AUD CAD CHF EUR GBP HKD JPY USD |
| From XE: | AUD CAD CHF EUR GBP HKD JPY USD |
| From OANDA: | AUD CAD CHF EUR GBP HKD JPY USD |
| From fxtop.com: | AUD CAD CHF EUR GBP HKD JPY USD |
See also
References
- ↑ Linzmayer, Owen (2012). "Suriname". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
External links
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Wikimedia Commons has media related to Surinamese dollar. |
| Preceded by: Surinamese guilder Reason: inflation Ratio: 1 dollar = 1,000 guilders |
Currency of Suriname 1 January 2004 – |
Succeeded by: Current |