Stock Market / Finance in Suriname
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SURINAME, 2015/11/28
For the second time in four years, Suriname has devalued its currency – this time by additional than 20 %, following a drop in the oil and gold prices.
Suriname’s economy is dominated by gold, oil and alumina exports.
The Central Bank has said it will devalue the official exchange rate to 4.00 Suriname dollars to the US dollar. It was before 3.50 to the US dollar.
The bank said that the country’s financial reserves had declined to US$370 million from US$1 billion in December 2012.
