Suriname Guilder (SRG)

The Suriname Guilder (SRG) is the official currency of Suriname, a small country located on the northeastern coast of South America. The currency is issued and regulated by the Central Bank of Suriname.

Here are some key details about the Suriname Guilder:

1. History: The Suriname Guilder was first introduced in 1940, replacing the Dutch Guilder as the official currency. Prior to that, the Dutch Guilder was used in Suriname since it was a Dutch colony. The Suriname Guilder remained in circulation until 2004 when it was replaced by the Surinamese Dollar (SRD) at a rate of 1 SRD = 1,000 SRG. However, the Suriname Guilder is still accepted as legal tender in the country, although it is not commonly used.

2. Denominations: The Suriname Guilder is divided into 100 cents. However, due to its limited usage, coins and banknotes are rarely seen in circulation. The most common denominations are the banknotes, which are available in denominations of 5, 10, 25, 100, and 500 SRG.

3. Exchange Rate: As of September 2021, the exchange rate of the Suriname Guilder is not actively traded or widely available. The Surinamese Dollar (SRD) has become the primary currency in Suriname since its introduction in 2004.

4. Usage: While the Suriname Guilder is still considered legal tender, it is primarily used for historical and numismatic purposes. The Surinamese Dollar (SRD) is the currency used in day-to-day transactions, including buying goods and services, paying bills, and conducting business.

5. Economic Challenges: Suriname has faced significant economic challenges in recent years, including high inflation rates and currency devaluation. These factors have contributed to the decline in usage and acceptance of the Suriname Guilder in favor of the Surinamese Dollar.

It is important to note that the information provided is accurate as of September 2021, but the currency landscape can change over time. It is advisable to consult with a reliable financial institution or currency exchange service for the most up-to-date information on the Suriname Guilder.