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Argentina, Guatemala, Mexico, Colombia … or Suriname – which country will be the next to introduce a national Bitcoin strategy? Maybe the latest entry, Suriname! In a move that could position the small South American country at the forefront of the global movement, the South American nation is contemplating the adoption of BTC as a significant part of its national economic strategy. 
<h2 id="suriname-ponders-bitcoin-adoption">Suriname Ponders Bitcoin Adoption</h2> 
This development follows a series of high-profile meetings between Suriname’s President Chan Santokhi and representatives from JAN3, a company established by Samson Mow who is widely recognized for its role in promoting BTC adoption at the national level globally. The move could position Suriname as a trailblazer in Bitcoin adoption among nations. 
During the meeting with President Chan Santokhi, JAN3’s Samson Mow and Ben Van Hool emphasized Bitcoin’s transformative potential for Suriname’s economy. “We were honored to meet with President Chan Santokhi to discuss the possibility of Suriname advancing on its own Bitcoin strategy,” the JAN3 team shared. 
They emphasized the transformative potential of BTC, particularly in the energy sector. But they also extended beyond that, as <a href="https://twitter.com/JAN3com/status/1729876046173089913" target="_blank" rel="noopener nofollow">highlighted</a> by the statement from JAN3, “Bitcoin could transform Suriname’s economy! The Government of Suriname and JAN3 are exploring ways to boost Bitcoin usage. They’re even considering converting 1% of the central bank’s reserves into Bitcoin. This could be a potential safeguard against inflation and a new economic boost.” 
According to World Data, Suriname’s gross domestic product (GDP) amounted to $3.62 billion for the entire nation, placing the country 171st in the global economic rankings. In addition, Suriname recorded a considerable inflation rate of around 52.45% in 2022. International reserves, including gold, were reported at 1,194 million US dollars for the past year. 
Expressing optimism about the future collaboration, Ben Van Hool shared a personal insight: “Heading home now, but my gut feeling says that I will be back here soon.” This sentiment indicates the positive trajectory of the discussions and the potential for rapid development in Suriname’s BTC adoption. 
Andrew Howard, the Chief Business Officer of JAN3, <a href="https://twitter.com/Andrew_J_Howard/status/1729944095638892962" target="_blank" rel="noopener nofollow">elaborated</a> on the unique opportunities that smaller countries like Suriname have in embracing Bitcoin. “How many of you have actually heard of Suriname before this? Probably not many. That’s the interesting thing about Bitcoin adoption &amp; policy. A country with 600K (Suriname) is much more open and receptive to speaking with JAN3 about Bitcoin policy compared to a country with 330M (USA),” he remarked. 
Howard further drew parallels with El Salvador, the first country that has <a href="https://bitcoinist.com/bitcoin-el-salvador-revival-vice-president-speaks/" target="_blank" rel="noopener ">embraced</a> BTC as legal tender. He noted, “Like El Salvador, Suriname will benefit from embracing the native currency of the internet rather than driving out innovation and companies from their jurisdiction. Bitcoin can turn ‘3rd world countries’ into 1st world countries.” 
A local news <a href="https://keynews.sr/2023/11/28/bitcoin-gebruik-in-suriname-kan-economie-helpen-groeien/" target="_blank" rel="noopener nofollow">report</a> from Suriname provided additional insights into the potential impact of BTC on the nation’s economy. During a press conference held by JAN3 executives, the company’s CEO, Samson Mow, stressed the importance of working with the government to fully harness the benefits of BTC. Mow pointed out the numerous advantages that a decentralized digital currency could bring to the Surinamese economy and its entrepreneurs. 
Even the Surinamese TV station reported on JAN3’s visit and the possible adoption of a national BTC strategy. 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 LATEST – <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f8-1f1f7.png" alt="🇸🇷" class="wp-smiley" style="height: 1em; max-height: 1em;"> Local TV reports on<a href="https://twitter.com/JAN3com?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@JAN3com</a>'s visit to Suriname to explore nation state adoption of Bitcoin. 
 Video features <a href="https://twitter.com/Excellion?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@Excellion</a> plus AI translation of <a href="https://twitter.com/bvanhool?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@bvanhool</a> and the local reporter<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Bitcoin</a> <a href="https://t.co/GF77ogOfDv" rel="nofollow" target="_blank">pic.twitter.com/GF77ogOfDv</a> 
 — Swan.com (@Swan) <a href="https://twitter.com/Swan/status/1729969109113438352?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">November 29, 2023</a>
</blockquote> 
At press time, BTC traded at $37,849. 
<img loading="lazy" decoding="async" class="size-full wp-image-267074" src="https://bitcoinist.com/wp-content/uploads/2023/11/BTCUSD_2023-11-30_07-46-17.png?resize=1024%2C472" alt="Bitcoin price" width="1024" height="472" srcset="https://bitcoinist.com/wp-content/uploads/2023/11/BTCUSD_2023-11-30_07-46-17.png?resize=1024%2C472?w=3628 3628w, https://bitcoinist.com/wp-content/uploads/2023/11/BTCUSD_2023-11-30_07-46-17.png?resize=1024%2C472?w=640 640w, https://bitcoinist.com/wp-content/uploads/2023/11/BTCUSD_2023-11-30_07-46-17.png?resize=1024%2C472?w=768 768w, https://bitcoinist.com/wp-content/uploads/2023/11/BTCUSD_2023-11-30_07-46-17.png?resize=1024%2C472?w=980 980w, https://bitcoinist.com/wp-content/uploads/2023/11/BTCUSD_2023-11-30_07-46-17.png?resize=1024%2C472?w=1536 1536w, https://bitcoinist.com/wp-content/uploads/2023/11/BTCUSD_2023-11-30_07-46-17.png?resize=1024%2C472?w=2048 2048w, https://bitcoinist.com/wp-content/uploads/2023/11/BTCUSD_2023-11-30_07-46-17.png?resize=1024%2C472?w=750 750w, https://bitcoinist.com/wp-content/uploads/2023/11/BTCUSD_2023-11-30_07-46-17.png?resize=1024%2C472?w=1140 1140w, https://bitcoinist.com/wp-content/uploads/2023/11/BTCUSD_2023-11-30_07-46-17.png?resize=1024%2C472?w=3000 3000w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1">

Suriname Ponders National Bitcoin Adoption, 1% Reserve Strategy

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