Tag Archives: Cambios in Guyana

Cuban shoppers helping to keep Guyana’s economy afloat – Demerara Waves

Cuban shoppers helping to keep Guyana’s economy afloat – Demerara Waves

October 27, 2016  Comments

These Cuban women are seen at the Cheddi Jagan International Airport with a large quantity of items she purchased from stores in Georgetown.

Cuban women at the Cheddi Jagan International Airport with a large quantity of items they purchased in Georgetown.

The steady flow of nearly 1,000 Cubans coming to Guyana every week to shop mainly clothing is being widely hailed as good for this South American country’s economy at a time when there is much talk about sluggishness and over-reliance on gold to prop up revenues.

While cambio (foreign exchange) dealers experience mixed fortunes as far as how much United States dollars the Cubans change, one of them says the Spanish-speakers are helping to keep many businesses in Guyana afloat.

Some estimates are that they will account for almost GYD$400 million annually in the purchase of goods alone.      Continue reading