Centrale Bank van Suriname (Central Bank of Suriname) CBvS
Who they are
Suriname's central bank, created by the Bank Act of 1956 and operating since 1 April 1957. Its main objective is price stability, meaning a stable value of the Surinamese currency, with financial stability as a secondary aim (Art. 9, Central Bank Act 2022).
What they do
Sets monetary policy, issues banknotes and oversees non-cash payments. Carries out macro- and micro-prudential supervision of banking and credit, pensions, insurance and the capital market, and supervises financial and virtual asset service providers for AML/CFT under Art. 38(1)(a) of the WMTF Act. Prepares resolution plans and carries out resolution of failing credit institutions under the 2024 Recovery and Resolution Act.
Key laws & regulations issued
- Act WET van 10 januari 2024, houdende regels inzake bijzondere maatregelen voor het herstellen en afwikkelen van kredietinstellingen (Wet Herstel en Afwikkeling Kredietinstellingen) (Act on Recovery and Resolution of Credit Institutions) 2024
- Act WET van 4 januari 2024, houdende nieuwe regels betreffende het toezicht op het Bank- en Kredietwezen (Wet Toezicht Bank- en Kredietwezen 2023) (Banking and Credit System Supervision Act 2023) 2024
- Act WET van 22 november 2011, houdende regels inzake het toezicht op het bank- en kredietwezen (Wet Toezicht Bank- en Kredietwezen 2011) (Banking and Credit System Supervision Act 2011) 2011
Latest news
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