Centrale Bank van Suriname (Central Bank of Suriname

By: EconomyWatch   Date: 9 September 2010

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The Centrale Bank van Suriname (CBvS) is the central bank of the Republic of Suriname, a country in northern South America. The bank has an important role in ensuring financial and monetary stability in the country.

The bank has a unique position in the Surinamese economy. As the central bank of the country, the Centrale Bank van Suriname has been assigned several tasks as mentioned hereunder:

  • To promote the value and permanence of the Surinamese currency
  • To circulate currency in Suriname, consisting of banknotes, and also to facilitate money transfers
  • To promote the development of healthy banks and credit institutions in Suriname
  • To supervise the activities of banks and credit unions
  • To encourage and facilitate international currency transfers
  • To ensure the socio-economic development of Suriname
  • Ensuring economic and price stability in the country with the objective of encouraging and promoting all round development of the Surinamese economy
  • Ensuring the soundness and reliability of the Surinamese economy, banking and financial system, and ensuring that it meets the requirements of the community and keeps a tab on the international happenings
  • Supporting the Surinamese government, as well as other elements of the Surinamese economic community
  • To conduct the monetary policy
  • To develop strategies to promote Sri Lanka as an international financial center

The administration of the Centrale Bank van Suriname is in the hands of a Governor. To ensure the smooth functioning of the bank, the CBvS has been divided into three directorates:

  • The Directorate of Banking Operations
  • The Directorate of Monetary and Economic Affairs
  • The Directorate of Supervision


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