First 2004 Suriname DOLLARS: what happened? are they a modern-day rarity?

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From this thread on the Paper Money Forum, regarding the 2006 & 2009 Suriname Dollar (P-158c & d). 

 

Here is Wikipedia's entry on the Surinamese Dollar

 

My first question is for those who are familiar with the context (who may have lived there, visited the country in 2004-2005, or for those who know the country well). 

  • What happened in Suriname to force them to change to the Suriname dollar in 2004 (from the Surinamese Guilder)? 

 

My 2nd question is for those who collect Surinamese currency.  

  • Are the 2004 first Surinamese banknotes tough or scarce? (If so, then what denominations?). 

 

Is it just the 2006 & 2009 issues that are tough? If any collectors have any info, please share.  

 

I purchased this 2004 (easy January version) of the $5.00 (which I thought I should post after the robot suggested a picture):

https://sites.google.com/view/notaphilycculture/collecting-banknotes

Hello 🤖

 

Without pictures, it will be very difficult for anyone to help you. Could you please post clear pictures of each side of your item?

 

Please note that this is an automatic message. Feel free to ignore if it is not relevant.

Hello!

 

Regarding your second question, I think you are referring to this series: https://en.numista.com/catalogue/series.php?id=804

Well, there are more collectors registered in 2004 than in other years. I don't have information about the total number of issues, but I believe that in 2004 (due to the beginning of the dollar's circulation) the number of notes issued must have been higher than in other years. Just a guess.

 

Regarding the change in the currency unit, I didn't find any very specific reason for the name change, but there was a conversion of 1 dollar = 1000 gulden. Many countries adopt this "zero-cutting" in their currencies, with or without a name change. Maybe someone can have more specific details. =)

 

Greetings,

Vladimir.

Vladimir
Catalogue Administrator and Banknote Master Referee.

vladthiengo

Regarding your second question, I think you are referring to this series: https://en.numista.com/catalogue/series.php?id=804

Well, there are more collectors registered in 2004 than in other years. 

 

Regarding the change in the currency unit, I didn't find any very specific reason for the name change, but there was a conversion of 1 dollar = 1000 gulden. 

- Yes, thanks for your reply & observations.  

 

I believe that the 2004 series (the initial introduction of the Surinamese Dollar) was the Surinamese government/central bank's response to hyperinflation of the previous Gulden.  Yes, the wiki site link I shared does claim that the Surinamese Dollar was introduced after their Central bank had re-adjusted the value of the former currency.  In other words, the 10 dollar would equal 10,000 gulden (such as this note). 

 

So I suspect that the new $10.00 note would have been a lot of money back then (but hyperinflation kept biting into its value). Even though $1.00 was initially worth 1000 Gulden its buying power only went so far.  That the 1997 10,000 Gulden note only had an issue of 5M notes suggests it was possible that the 2004 $10 had a similar (low) # issued. It would be nice to know exactly how many were issued but I am finding all dates tough to source. Once again, if anyone has more contextual info dating back to 20 years ago, please add to this thread (thanks). 

 

I did not find any 2004 Surinam $10.00 UNC banknotes for sale on eBay when I posted this question on 03/19.  (I found 2 VF examples of the $10 but they were neither 2006 nor 2009 dates).  Just the regular 2004 date seems to be hard to source (which is surprising for a 21 year old note!)

https://sites.google.com/view/notaphilycculture/collecting-banknotes

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