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Central Bank of Suriname

 

Central Bank of Suriname Logo

The Central Bank of Suriname (Dutch: Centrale Bank van Suriname) is Suriname's highest monetary authority and the country's governing body in monetary and economic affairs. 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 a balanced social-economic development.

Mission of the Centrale Bank van Suriname is to achieve price and financial stability to contribute towards national economic growth and development. The Bank is unique within the Surinamese economy and cannot be simply compared to commercially based banks.

Centrale Bank van Suriname is assigned several tasks as worded in the Bank Act of 1956.


These tasks are:

  •  to promote the value and stability of the currency of Suriname;
  •  to provide money circulation in Suriname, consisting of banknotes, and also to facilitate money transfers;
  •  to promote the development of healthy banks and credits institutions in Suriname;
  •  to supervise banks and credit unions according to the Law on Supervision of Banks and Credit Unions 1968;
  •  to promote and facilitate international currency transfers; and
  •  to promote a balanced social-economic development in Suriname.

In achieving the tasks above, Centrale Bank van Suriname commits itself to providing effective support functions through a sound banking and financial control system, appropriate information system and the development of competent and qualified staff.

Central Bank of Suriname HQ Location Map

Central Bank of Suriname
HQ Address: Waterkant 16-20
Paramaribo
Suriname
Tel: +597 473 741
Fax: +597 476 444
Website: www.cbvs.sr
Swift Code: CBVSSRPA
Currency: Surinamese dollar
Banking Hours:
Monday - Friday : 8.00am - 2.00pm
 

 

Like all other central banks in the world, Centrale Bank van Suriname must be well managed and pursue a goal-oriented approach, as consistent as possible with international best practice. The Central Bank also responsible in determined the Prime Rate in Suriname.
 

List of banks governed by the Central Bank of Suriname
» Banco Interamericano de Desarrollo » De Surinaamsche Bank N.V » Finabank N.V
» Hakrinbank N V Suriname » RBTT Bank (Suriname) N.V » Surinaamse Postspaarbank N.V
» Surinaamse Volkscredietbank (VCB) » Landbouwbank » Surichangebank
» Cooperatieve spaar- en kredietbank Godo

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