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Daily Archives: November 22, 2015

Commercial banks might have to insure deposits; no place for “dirty money”

Commercial banks in Guyana could soon be asked to insure deposits to help savers recover their monies should those financial institutions collapse, President David Granger announced Saturday. “Our government proposes to discuss with bankers the implementation of a deposit insurance scheme to ensure that individuals who hold deposits at failed financial institutions would be compensated up to an agreed amount ...

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