Browsing Tag

Foreign Exchange

Authorities looking into the legality of G$250 to US$1 airline exchange rate

Editor Mar 25, 2017 0

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…

Business

BoG mulling the closure of retention accounts to address “hoarding” of Foreign Currency

Editor Mar 25, 2017 0

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,…

Business

Deteriorating Guyana Dollar could wipe out companies- Manufacturers

Editor Mar 23, 2017 0

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,…