Maya Parbhoe, a presidential candidate in Suriname, is proposing the adoption of Bitcoin as the country’s national currency, following the lead of nations like El Salvador. Parbhoe, a young and ambitious political figure, envisions a future for Suriname where Bitcoin not only serves as a medium of exchange but also replaces the existing financial system, which she argues is plagued by systemic corruption.
In her economic reform plan, Parbhoe suggests eliminating Suriname’s central bank, established in 1957, and replacing it with a decentralized financial infrastructure powered by Bitcoin. The Surinamese dollar (SRD) has suffered from severe inflation in recent years, with the annual rate exceeding 50% over the past three years, although it has cooled to under 20% in 2024, according to Statista data. Parbhoe advocates for “free currency competition” to allow Bitcoin and other currencies to coexist alongside the SRD, offering citizens and businesses more financial freedom.
A key component of Parbhoe’s economic development agenda is the creation of the world’s first blockchain-based capital market. She also plans to promote economic growth through the issuance of Bitcoin-backed bonds, a strategy inspired by El Salvador’s adoption of Bitcoin as legal tender and Switzerland’s embrace of free currency competition.
Parbhoe’s vision aligns with a growing global trend where presidential candidates are incorporating Bitcoin into their political platforms. El Salvador’s President Nayib Bukele set a precedent by making Bitcoin legal tender in 2021, and the United States has considered establishing a national Bitcoin strategic reserve. Other political figures, including Slawomir Mentzen, chairman of the Polish right-wing party New Hope, have also championed the idea of Bitcoin reserves and mining initiatives as part of their political agendas.
As the momentum for Bitcoin adoption continues to grow, Suriname’s potential move to integrate the cryptocurrency into its economy could mark a significant shift in the region’s financial landscape.
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