Tag Archives: Guyana: Exchange rate for US dollar climbs due to various causes

Guyana: Exchange rate for US dollar climbs… due to various causes

US Dollar Exchange Rate Rises

Something is happening to the US dollar on the local market.
In recent weeks, the exchange rates have been climbing.
At the banks, the buying rate for notes was between $207- $208 for US$1, the selling rate was $210 and $211. On the streets, the rates were much higher.

There are reports that it is sold much higher on the streets because of a shortage in US Dollar cash.

Last Friday (February 8, 2019), Governor of Bank of Guyana, Dr. Gobind Ganga, acknowledged that there is a shortage of US currency.      Continue reading

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