Suriname 366 Date of Fund Membership: Claims on Nonresidents and Liabilities to Nonresidents include all April 27, 1978 domestic credit and deposits in foreign currency. Deposits of other depository corporations at the CBS, except Standard Sources: correspondent accounts and reserve requirements, are included Central Bank of Suriname in Other Items (Net). Exchange Rates: Depository Corporations: On January 1, 2004, the Surinamese dollar, equal to 1,000 See notes on central bank and other depository corporations. Surinamese guilders, replaced the guilder as the currency unit. Monetary Aggregates: Official Rate: (End of Period and Period Average): Broad Money: Central bank midpoint rate. Beginning July 1994, the Central Broad Money calculated from the liability data in the sections for Bank midpoint exchange rate was unified and became market the central bank and other depository corporations accords with determined. Beginning in March 2002, data reported correspond the concepts and definitions of the MFSM. Broad money differs to the official rate. from M3 described below as M3 excludes foreign currency Central Bank: deposits. Consists of the Central Bank of Suriname (CBS) only. Money (National Definitions): † Beginning in May 2002, data are based on a standardized M1 comprises banknotes and coins in circulation, treasury notes, report form (SRF) for central banks, which accords with the and national currency demand deposits, other than central concepts and definitions of the IMF's Monetary and Financial government deposits. Statistics Manual (MFSM), 2000. M2 comprises M1 plus national currency time deposits, other For December 2001 through April 2002, data in the SRF format than central government, with a maturity of less than one year, are compiled from pre-SRF data. 10 percent of national currency savings deposits, other than Other Depository Corporations: central government deposits, and gold certificates held by the public. Comprises commercial banks, a finance company, and two trust M3 comprises M2 plus national currency time deposits, other companies. Finance and trust companies are wholly owned by than central government, with a maturity of more than one year the commercial banks, on whom they almost exclusively rely to and 90 percent of national currency savings deposits, other than finance their operations. Data exclude credit unions, which central government deposits. accept deposits. † Beginning in May 2002, data are based on a standardized Interest Rates: report form (SRF) for other depository corporations, which accords with the concepts and definitions of the Monetary and Money Market Rate: Financial Statistics Manual (MFSM). Simple average of rates at which commercial banks borrow For December 2001 through April 2002, data in the SRF format funds in national currency in the interbank market. are compiled from pre-SRF data not based in the MFSM methodology. Departures from the MFSM methodology are Deposit Rate: explained below. Weighted average rate offered by commercial banks on all Loans and deposits are disaggregated into only three sectors: savings and time deposits in national currency. central government, banks, and others. Claims on Private Sector includes loans to public nonfinancial Lending Rate: corporations. Weighted average rate charged by commercial banks on all loans in national currency. 96 September 2007, International Monetary Fund : International Financial Statistics .