23/03/2020: COVID-19 Pandemic Impact
The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.
01/01/2019: Redenomination of the Surinamese dollar
The Surinamese dollar underwent a redenomination with 1 new dollar (SRD) being equal to 1,000 old dollars (SRG).
01/01/2011: Introduction of new banknotes
New banknotes with updated designs and security features were introduced to replace the older series of Surinamese dollar banknotes.
15/12/2008: Global Financial Crisis Impact
The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.
01/01/2004: Replacement of banknotes
New banknotes were introduced with enhanced security features to replace the older series of Surinamese dollar banknotes.
09/11/2001: Rand Weakens to Record Low
The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.
01/01/1995: Establishment of Reserve Bank Independence
The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.
27/04/1994: First Democratic Elections
The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.
23/12/1991: Devaluation of the Surinamese dollar
The Surinamese dollar was devalued by 100%, resulting in an exchange rate of 1 dollar to 200 guilders.
01/10/1985: Introduction of the Surinamese dollar
The Surinamese dollar was introduced as the new currency of Suriname at a rate of 1 dollar to 1,000 guilders.
01/08/1982: Currency Decimalization
The rand was decimalized, with 1 rand being equal to 100 cents.
01/01/1962: Introduction of the Surinamese guilder
The Surinamese guilder was introduced as the official currency of Suriname, replacing the Dutch guilder.
14/09/1961: Introduction of the Rand
The South African rand was introduced as the official currency, replacing the South African pound.
31/12/1954: Independence of Suriname
Suriname gained independence from the Kingdom of the Netherlands, leading to the introduction of the Surinamese guilder as its official currency.