The Surinamese guilder (SRD) is the currency of Suriname, a country located on the northeastern coast of South America. The Surinamese guilder has been the official currency of Suriname since its independence from the Netherlands in 1975.The Central Bank of Suriname is responsible for issuing and regulating the Surinamese guilder. The bank periodically issues new banknotes and coins to replace old or worn-out currency. The bank also sets interest rates and monetary policy to maintain price stability and support economic growth.As of 2021, the Surinamese guilder is a relatively stable currency, but it has lost some of its value over time, compared to the US dollar. The government of Suriname has put in place policies to control the inflation rate, but the country continues to face economic challenges such as high external debt and a large fiscal deficit.The exchange rate of the Surinamese guilder against other currencies can fluctuate due to various factors such as changes in interest rates, economic indicators, political events, and other global factors.It's worth mentioning that, as of 2021, Central Bank of Suriname has announced plans to replace the Surinamese Guilder with the US Dollar as the official currency of the country. The process of transition to the new currency is expected to take several years.
