PARAMARIBO: President Santokhi: US dollar shortage

PARAMARIBO: President Chan Santokhi says there is an absolute shortage of US dollars. According to him there are five reasons for this. From January, exporters will have to bring their dollars to Suriname and exchange 30% of this at the official rate of SRD 14.29. The Central Bank of Suriname (CBvS) must act in the event of even open price increases. The president discussed the five causes during a press conference on Monday.

At the moment there is an enormous shortage of US dollars because the exports of euros via the Netherlands have not taken place for almost two years. The import of dollars from the US has also stopped.

The solution, according to the president, is that the euros should leave the country and the dollars should take their place. There have been good discussions about this with the governor of the CBvS. Before that, there was also a discussion with the Netherlands about it. The dollars have also been discussed with the US via FED. This issue must also be addressed and implemented by the governor of the CBvS. There are bright spots in both of the cases, Santokhi said.