Tag Archives: foreign exchange

Though many non-bank cambios are selling United States dollars at a rate of GY$219 for US$1, Guyanese are being assured that there is sufficient foreign exchange in the l0cal market and there are new rules governing currency trading. “Most of the banks are comfortable but when they have this money, they just give it out to make profit so we ...

The Governor of the Bank of Guyana, Dr. Gobin Ganga, has assured that there is no shortage of foreign currency to transact international business such as wire transfers, but there are fewer United States (US) notes circulating at cambios and commercial banks partly because the increasing number of foreign workers are buying up the bills. “There is an increase in ...