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Suriname: Legislators to meet to discuss foreign exchange situation

Legislators will meet tomorrow to debate measures outlined by the Suriname government to deal with the runaway foreign exchange situation.

President Chandrikapersad Santokhi said the government has decided to take a package of very urgent measures in the very short term to stabilize the exchange rate.

Mr Santokhi told legislators that his administration is fully aware of the situation and that action has to be taken.

The measures will remain in force until December 31, and the government said there will also be a crackdown on illegal currency trading as well as bureaux de change operating without a valid license.

In addition to the monetary measures, provisions will also be made to strengthen the leadership of the Central Bank of Suriname with a view to have more active management and monitoring of monetary developments in the country.