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International Monetary Fund

13. Population Data Public Finances 14. Central Government Operations 15. Government Revenues and Grants (in millions of Suriname guilders) 16. Government Revenues and Grants (in percent of GDP) 17. Central Government Expenditures 18. Central Government Subsidies, Net Transfers, and Lending 19. Central Government Debt Money and Banking 20. Summary Accounts of the Banking System 21. Banking System Liabilities to the Private Sector, End of Period 22. Distribution of Commercial Bank Credit by Destination 23. Loans and Deposits by

International Monetary Fund

Table 1. Suriname: Output and Expenditure (In millions of Suriname guilders at current prices) Prel. 1990 1991 1992 1993 1994 Gross domestic expenditure 3,006.6 3,728.7 5,078.6 12,282.0 67,234.1 Consumption 2,346.3 2,900.0 3,915.5 9,846.8 53,647.4 Private 1/ 1,568.0 1,894.3 2,523.6 6,944.8 38,682.4 Public 778.3 1,005.7 1,391.9 2,902.0 14,965.0 Gross investment 660.3 828.7 1,163.1 2,435.2 13

International Monetary Fund
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
International Monetary Fund

. Developments in the Exchange Rate System in Suriname 1. The initial system 2. The introduction of the multiple system 3. Modifications to the multiple system 4. Return to a unified system Text Tables 1. Selected Macroeconomic Indicators 2. Government Tax Revenues (In millions of Suriname guilders) 3. Government Tax Revenues (In percentage of total tax revenues) 4. Expenditures on Social Programs 5. Solvency Requirements 6. Summary of Average Commercial Bank Interest Rates 7. Composition of Broad Money Statistical Appendix Tables 8

International Monetary Fund
This report analyzes economic developments in Suriname during the 1990s. In 1990–92, real GDP recovered moderately, but inflation accelerated, reaching 58 percent in the 12 months ended December 1992, owing to a further weakening of financial policies. Interest rates became sharply negative in real terms, which initiated a gradual shift out of domestic financial assets. The external accounts remained weak, and the overall balance of payments showed deficits that were financed by a decline in international reserves and an accumulation of external payments arrears.
International Monetary Fund

, reaching 58 percent in the 12 months ended December 1992, owing to a further weakening of financial policies ( Table 1 ). Interest rates became sharply negative in real terms, which initiated a gradual shift out of domestic financial assets. 4/ The external accounts remained weak, and the overall balance of payments showed deficits that were financed by a decline in international reserves and an accumulation of external payments arrears. The Suriname guilder became increasingly appreciated in real effective terms as the official exchange rate remained fixed at Sf 1

International Monetary Fund

percent in both 2003 and 2004. The more stable macroeconomic framework also laid the foundation for the successful launch of the Suriname dollar (SRD) which replaced the Suriname guilder in January 2004. The policy stance became somewhat more expansionary in 2004. The central government’s overall deficit widened to about 1.75 percent of GDP in 2004, owing to a substantial increase in capital expenditure and a drop in domestic fuel taxes. Monetary policy also became somewhat more accommodative, as the Central Bank of Suriname (CBvS) lowered reserve requirements on

International Monetary Fund

.4 -108.3 Gross domestic product 100.0 100.0 100.0 100.0 100.0 Source: General Bureau of Statistics; and Fund staff estimates Table 2. Suriname: Gross Domestic Product by Sector 1992 1993 1994 1995 1996 (In millions of Suriname guilders at 1980 prices) Primary sector 271.3 278.4 288.4 292.4 295.1 Agriculture 133.6 127.4 112.5 106.2 104.4 Mining 137.7 151.1 175.9 186.2 190.8 Secondary sector 381.9 318.7 277.7 312.3 322

International Monetary Fund

Loans : None V. Latest Financial Arrangements : None VI. Projected Payments to Fund 1/ (SDR Million; based on existing use of resources and present holdings of SDRs) : Forthcoming 2009 2010 2011 2012 2013 Principal Charges/Interest 0.02 0.02 0.02 0.02 Total 0.02 0.02 0.02 0.02 B. Nonfinancial Relations with the Authorities Exchange rate arrangements The national currency is the Suriname dollar (SRD), which replaced the Suriname guilder in

International Monetary Fund. Western Hemisphere Dept.

’s independence in 1975 and October 1992, the Surinamese guilder was fixed at the rate of 1.785 Suriname guilder per U.S. dollar. As inflationary pressures built up in the 1980s, a parallel exchange market came into being. The parallel market rate reflected both the monetary expansion in the 1980s and the scarcity of foreign currency arising from the reduction in export earnings and the suspension of development assistance from the Netherlands in 1982. October 1992∈June 1994 (Multiple Official Exchange Rates): Seven official exchange rates were established in October 1992