Make Payments in SRD - Surinamese Dollar
Pay in Surinamese Dollars (SRD)
Mondial Change allows you to make international payments in SRD (Surinamese Dollar) with ease. Manage your Surinamese Dollar beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not apply exchange commission on your SRD operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Surinamese Dollar (SRD)
It is currently not possible to receive payments in SRD.
Mondial Change Answers All Your Questions About Payments in Surinamese Dollars (SRD)
What is the timeframe for an SRD payment to be credited to the beneficiary's account?
It generally takes a minimum of 2 business days for a Surinamese Dollar transfer to be credited to the beneficiary's account. However, these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if SRD payments are credited beyond 2 business days to the beneficiary's account. External events such as processing delays by intermediary banks, public holidays, execution time, or compliance checks can significantly impact payment receipt times.
What are the fees for a payment in Surinamese Dollar (SRD)?
The fees applied to transfers in Surinamese Dollar (SRD) generally range from 0 to 10 euros depending on the agreement with Mondial Change's trading room. The rate mainly depends on your annual SRD exchange volume and the number of Surinamese Dollar payments made during the year.
Are there minimum or maximum amounts for payments in Surinamese Dollar (SRD)?
Mondial Change and its partners verify that your Surinamese Dollar flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If restrictions apply to transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in Surinamese Dollar (SRD)?
For SRD payments via the SWIFT network, at a minimum, the following information must be provided:
• Full name of the beneficiary
• Full address of the beneficiary
• Local account number
• SWIFT code of the beneficiary's bank
• Reason for payment
Is it possible to modify a payment in Surinamese Dollar (SRD) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Surinamese Dollar (SRD) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
What are the public holidays when payments in Surinamese Dollar (SRD) cannot be executed?
January 1st: New Year's Day (Nieuwjaarsdag)
Variable date: Chinese New Year
Variable date: Phagwa / Holi (Hindu festival of colors)
Variable date: Good Friday (Goede Vrijdag)
Variable date: Easter Monday (Paasmaandag)
May 1st: Labor Day (Dag van de Arbeid)
Variable date: Eid al-Fitr (Id-ul-Fitr)
Variable date: Eid al-Adha (Id-ul-Adha)
July 1st: Keti Koti – Emancipation Day (abolition of slavery)
August 9th: Indigenous Peoples Day (Dag der Inheemsen)
Variable date: Javanese New Year (Srefidensi / Javanese New Year)
October 10th: Maroons Day (Dag der Marrons)
Variable date: Diwali (Deepavali)
November 25th: Independence Day (Onafhankelijkheidsdag)
December 25th: Christmas (Kerstmis)
History of the Surinamese Dollar
The Surinamese Dollar (SRD) was introduced in 2004 to replace the Surinamese Guilder (SRG) in a context of high inflation. This monetary reform aimed to restore confidence in the national currency. The SRD is subdivided into 100 cents. The currency is managed by the Central Bank of Suriname (CBvS). The Surinamese Dollar plays a key role in domestic exchanges but still suffers from low international convertibility.
Monetary Policy of the Surinamese Dollar
The Central Bank of Suriname is responsible for the country's monetary policy. It aims to stabilize the SRD, contain inflation, and ensure the liquidity of the banking system. In a context of economic and budgetary instability, the CBvS has implemented several reforms, including increased exchange rate flexibility and monetary tightening. The monetary policy faces structural challenges such as the dollarization of the economy and the public deficit.
Characteristics of the Surinamese Dollar
The SRD is a currency used almost exclusively within the country. Despite its low international liquidity, it remains essential for regular payments and local economic activities. Suriname experiences parallel use of the US Dollar, reflecting the perceived fragility of the SRD. Efforts are underway to strengthen the credibility of the national currency, notably through monetary governance reform and better inflation control.