Suriname Goes Green for New High Denominations

The Central Bank of Suriname (CBvS) has introduced two new high denomination banknotes; the 200 and 500 Suriname dollars (SRD), showcasing advanced security and sustainable substrates.

Presenting the new notes are CBvS Governor Maurice Roemer (right) with Patrick Mar- cato, Senior Regional Sales Director for Giesecke+Devrient (left).

Suriname has been challenged by inflationary pressures in recent years, and CBvS has stated that its priority is to ensure efficient circulation and replenishment of banknotes, thereby facilitating smooth payment options for the public. To allow this, these new notes enable larger payments with fewer banknotes, reduce queues at ATMs, and will alleviate the strain on counting and transaction machines.

Suriname is in northern South America, situated slightly north of the equator, bordered by the Atlantic Ocean to the north, French Guiana to the east, Guyana to the west, and Brazil to the south. It is the continent’s smallest country (165,000 km²), and over 90% of its territory is covered by rainforests, the highest proportion of forest cover in the world. Its economy is highly dependent on natural resources (petroleum, gold, bauxite) and agriculture. The capital and largest city is Paramaribo, which is home to roughly half the population of just over 630,000 (also the smallest in South America).