Suriname Guilders

AAA

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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Exchange Rate

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

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

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

    The primary type of money that a company uses in its business ...
  5. Foreign Currency Effects

    The gain or loss on foreign investments due to changes in the ...
  6. Inflation

    The rate at which the general level of prices for goods and services ...
Related Articles
  1. Forex Education

    Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
  2. Forex Education

    Get To Know The Major Central Banks

    The policies of these banks affect the currency market like nothing else. See what makes them tick.
  3. Personal Finance

    The Currency Board: Understanding The Government's Bank

    Currency board, central bank - what's the difference? Find out more about this little-known monetary authority.
  4. Forex Education

    Profiting From A Weak U.S. Dollar

    Learn how to allocate your investments when the U.S. dollar is down.
  5. Forex Education

    The International Money Market

    Banks, corporations, traders and speculators all use the IMM to borrow, lend, trade, profit, finance, speculate and hedge risks.
  6. Economics

    Understanding Money Supply

    Money supply – also called money stock -- refers to the total amount of currency and other liquid financial products in an economy at a particular time.
  7. Economics

    What is Fiat Money?

    Fiat money is currency that a government has declared to be legal tender, but is not backed by a physical commodity.
  8. Economics

    What is M1?

    M1 is a measurement of money supply that includes all hard currency, plus demand deposits such as checking accounts.
  9. Forex

    Best Places To Go On A Strong Dollar In 2015

    The U.S. dollar is stronger than ever, which means that traveling abroad to certain countries will be easier on the wallet.
  10. Forex

    Understanding Currency Carry Trade

    A currency carry trade is a long-term investment strategy used primarily by large institutional investors. The purpose is to make a profit over time from differences in interest rates between ...

You May Also Like

Hot Definitions
  1. Fiat Money

    Currency that a government has declared to be legal tender, but is not backed by a physical commodity. The value of fiat ...
  2. Interest Rate Risk

    The risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between ...
  3. Income Effect

    In the context of economic theory, the income effect is the change in an individual's or economy's income and how that change ...
  4. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  5. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  6. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
Trading Center