Suriname Guilders


DEFINITION of 'Suriname Guilders'

The official currency of Suriname until 2004, when it was replaced by the Suriname dollar. Each Suriname dollar replaced 1,000 Suriname guilders. The coins that represented fractions of one guilder remained in use, but instead represented the same fraction of one Suriname dollar. Suriname suffers from problems with inflation, excessive government spending, tax increases and currency devaluation.

BREAKING DOWN 'Suriname Guilders'

A former Dutch colony, Suriname is a poor country located on the northern coast of South America and bordered by Brazil in the south, Guyana in the west and French Guiana in the east. Its economy relies heavily on gold, alumina and oil mining, and is sensitive to changes in world commodity prices.

  1. Inflation

    The rate at which the general level of prices for goods and services ...
  2. Exchange Rate

    The price of a nation’s currency in terms of another currency. ...
  3. Devaluation

    A deliberate downward adjustment to the value of a country's ...
  4. Fiscal Policy

    Government spending policies that influence macroeconomic conditions. ...
  5. Functional Currency

    The primary type of money that a company uses in its business ...
  6. Currency

    A generally accepted form of money, including coins and paper ...
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