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The Suriname currency is the Suriname dollar. It has been the currency of Suriname since the year 2004, when it replaced the Suriname Gulden, which used to be the earlier currency of Suriname. The current value of the Suriname Dollar is roughly a third of that of the US Dollar.
Earlier, the Suriname Gulden used to be the official currency of Suriname. It was derived from the Dutch Gulden, and was introduced during the time of the Dutch colonial rule in Suriname. Banknotes have been in existence and circulation since the year 1826. Banknote of different denominations were introduced, and the Central Bank of Suriname took over the production and circulation of paper currency.
Coins of Suriname currency were introduced for the first time in 1962, with denominations of 1, 5, 10 and 25 Cents and 1 Gulden.
The currency suffered immensely during the period of inflation in the 1990's. To counter the ill effects of inflation, the new official currency, the Suriname dollar, was released on the first of January, 2004, with one Suriname Dollar being equal to 1000 Suriname Gulden. Initially, only coins were introduced, and the issue of banknotes was delayed due to a problem with the Bank of Canada ,who were scheduled to print the banknotes.
Notes in circulation currently are of denominations of 1, 2 ½, 5, 10, 20, 50 and 100 Suriname dollars.
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