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List of Banks in Suriname
Suriname, officially the Republic of Suriname (Dutch:
Republiek Suriname, Dutch pronunciation: [ˌrepyˈblik ˌsyriˈnaːmə]), is a
country in northern South America. It borders French Guiana to the east,
Guyana to the west, Brazil to the south, and the Atlantic Ocean to the
north. Suriname was first colonized by the British, and captured by the
Dutch in 1667, who governed it as Dutch Guiana until 1954. The country
of Suriname achieved independence from the Kingdom of the Netherlands on
25 November 1975. Suriname, the Netherlands Antilles, and the
Netherlands itself have cooperated on a basis of equality since 1954.
At just under 165,000 km2 (64,000 sq mi) Suriname is the smallest
sovereign state in South America; French Guiana, while less extensive
and populous, is an overseas department of France. It has a population
of approximately 560,000, most of whom live on the country's north
coast, where the capital Paramaribo is located.
Suriname's democracy gained some strength after the
turbulent 1990s, and its economy became more diversified and less
dependent on Dutch financial assistance. Bauxite (aluminium ore) mining
continues to be a strong revenue source, but the discovery and
exploitation of oil and gold has added substantially to Suriname's
economic independence. Agriculture, especially of rice and bananas,
remains a strong component of the economy, and ecotourism is providing
new economic opportunities. More than 80% of Suriname's land-mass
consists of unspoiled rain forest, and with the establishment of the
Central Suriname Nature Reserve in 1998, Suriname signalled its
commitment to conservation of this precious resource. The Central
Suriname Nature Reserve became a World Heritage Site in 2000.
Violent riots broke out in Albina in 2009 between the local Maroon
population and Brazilian gold diggers. In July 2010, Desi Bouterse was
elected president despite charges against him for the 1982 killings, and
despite having been convicted for drug smuggling in the Netherlands, and
sentenced to 11 years.
Graphical depiction of Suriname's product exports in 28 color coded
categories.The economy of Suriname is dominated by the bauxite industry,
which accounts for more than 15% of GDP and 70% of export earnings.
Other main export products include rice, bananas and shrimp. Suriname
has recently started exploiting some of its sizeable oil and gold[19]
reserves. About a quarter of the people work in the agricultural sector.
The Surinamese economy is very dependent on commerce, its main trade
partners being the Netherlands, the United States, Canada, and Caribbean
countries, mainly Trinidad and Tobago and the former islands of the
Netherlands Antilles.
After assuming power in the fall of 1996, the Wijdenbosch government
ended the structural adjustment program of the previous government,
claiming it was unfair to the poorer elements of society. Tax revenues
fell as old taxes lapsed and the government failed to implement new tax
alternatives. By the end of 1997, the allocation of new Dutch
development funds was frozen as Surinamese Government relations with the
Netherlands deteriorated. Economic growth slowed in 1998, with decline
in the mining, construction, and utility sectors. Rampant government
expenditures, poor tax collection, a bloated civil service, and reduced
foreign aid in 1999 contributed to the fiscal deficit, estimated at 11%
of GDP. The government sought to cover this deficit through monetary
expansion, which led to a dramatic increase in inflation.
Annual growth rate real GDP (2010 est.): 3.5%.
Per capita GDP (2010 est.): U.S. $9,900.
Inflation: 9%.
Natural resources: Bauxite, gold, oil, iron ore, other minerals;
forests; hydroelectric potential; fish and shrimp.
Agriculture: Products—rice, bananas, timber, palm kernels, coconuts,
peanuts, citrus fruits, and forest products.
Industry: Types—alumina, oil, gold, fish, shrimp, lumber.
Trade
Exports: $1.391 billion: alumina, gold, crude oil, lumber, shrimp and
fish, rice, bananas. Major consumers- Canada 35.47%, Belgium 14.92%, US
10.15%, UAE 9.87%, Norway 4.92%, Netherlands 4.7%, France 4.47% (2009)
Imports: $1.297 billion: capital equipment, petroleum, foodstuffs,
cotton, consumer goods. Major suppliers- US 30.79%, Netherlands 19.17%,
Trinidad and Tobago 13.04%, China 6.8%, Japan 5.85%
List of SWIFT Codes
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