Suriname exchange rate shows no signs of artificial manipulation

Steven Debipersad, economist and chairman of the Association of Economists in Suriname, has stated there is currently no concrete evidence that the US dollar exchange rate is being artificially kept low in Suriname.

Analyzing public data from the Central Bank of Suriname (CBvS), Debipersad noted that the exchange rate remains relatively stable while international reserves are actually increasing. He argued that if the central bank were selling large quantities of dollars to suppress the rate, the international reserves would typically decrease, which is not the case here.

While stability can result from market supply and demand aligning, Debipersad emphasized the need for transparency to protect consumer purchasing power and business planning. He also warned against the historical risks of prolonged government intervention in the currency market, which has previously led to the depletion of available resources.