Bank of Guyana

The Bank of Guyana has signed a Memorandum of Understanding (MoU) with the Reserve Bank of India (RBI) for the exchange of supervisory information. According to RBI, the MoU on “Supervisory Cooperation and Exchange of Supervisory…

Bank of Guyana Governor, Dr Gobind Ganga says authorities are looking into the legality of the reported high exchange rate being charged by local carrier, Dynamic International Airways. Dr Ganga, who could not definitively pronounce on…

Central Bank Governor Dr. Gobind Ganga will be meeting with banking representatives next week to sort out several issues concerning Foreign Exchange. This is expected to also become a regular feature. Finance Minister, Winston Jordan,…

Though the Government in recent weeks has been maintaining that there is no shortage of Foreign Exchange, manufacturers have expressed their concerns with the $230 Guyana Dollars being paid for US$1. In a statement yesterday (Wednesday,…

By Correspondent  The World Economic Forum’s Global Competitiveness Report (2012-13) rated Guyana 52nd in the world for soundness of its banks, a similar position to its near neighbours – Suriname at 49th and Venezuela at 96th.…

By Correspondent The prudent manager of the banking sector is the Central Bank of Guyana. It was established in 1998 as an independent institution. The Central Bank of Guyana is constantly looking for ways and means to protect itself…

By Stacy Carmichael-James Finance Minister Winston Jordan’s recent assurance that there is no shortage of foreign currency has been rejected by General Secretary of the People’s Progressive Party, Bharrat Jagdeo, who has called on the…

By Delicia Bailey Finance Minister, Winston Jordan has issued a warning to those who neglect to play by the foreign currency market rules which could potentially de-stabilise the fragile economy. To these persons he says…

The International Monetary Fund (IMF) has a most critical role in being one of the forecasters of economic growth or depression and helping to provide needed funds to its members to prevent a fiscal crisis or keep it at bay.…