Category: Banks. Country: Suriname.
Centrale Bank van Suriname (CBvS) opened its doors on the 1st of April 1957 and has fulfilled an important role in the financial and monetary activities in Suriname ever since. Centrale Bank van Suriname 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; to promote a balanced social-economic development in Suriname. CBvS is headed by the Governor of the Bank. To execute the abovementioned tasks CBvS is divided into three directorates: The Directorate of Banking Operations, with its main tasks being: providing money circulation and promoting and facilitating money transfers through accounts in Suriname; acting as the cashier and banker of the State; acting as banker for the commercial banks (bankers' bank); managing and administering the stock of official gold and currency. The Directorate of Monetary and Economic Affairs, with its main tasks being: compiling monetary statistics; compiling balance of payments data on a cash-basis; analyzing the different sectors of the economy of Suriname and linking these to monetary and balance of payments developments. The Directorate of Supervision, with its main tasks being: supervising credit banks and unions, in which are also included insurance companies and pension funds.
Address: Waterkant 16-20 Paramaribo POB 1801, Phone: 597 473741 Fax: 597 476444
