Code SRD Plural dollars Symbol $ | cent cents | |
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Banknotes 5, 10, 20, 50, 100 dollars | ||
The dollar (ISO 4217 code SRD) has been the currency of Suriname since 2004. It is divided into 100 cents.
Contents
History
The dollar replaced the Surinamese guilder on 1 January 2004, with one dollar equal to 1000 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.