Hoefdraad warns against foreign currency speculations

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The Governor of the Central Bank of Suriname (CBvS), Gillmore Hoefraad, would likely everybody to keep a cool head in order to guarantee rest on  the foreign currency market. People are being advised to refrain from speculation on the foreign currency market,” said Governor Hoefdraad during his New Year’s speech in Ramada Paramaribo Princess Hotel. Hoefdraad pointed out that last year the Central Bank and the other banks and exchange offices did everything they could to maintain stability on the foreign exchange market. The Central Bank intervened with an average $ 16 million every month in 2014…[+]