Tag Archives: Guyana: THE FALLING DOLLAR – commentary

Guyana: THE FALLING DOLLAR – commentary

Guyana: THE FALLING DOLLAR

Something is terribly wrong in Guyana. The value of the currency has plunged. But then again, this has been a trend dating back more than four decades. This is happening because we remain primary producers even as the world makes huge profits from primary products and return the refined product to the producers of the primary products.

It is critically important to understand precisely what makes the economy tick, and how different components must work with each other to produce positive outcomes. The Finance Minister was crucial to the budget presentations during the previous administration. When the situation worsened he was there when the then President Bharrat Jagdeo opted to close two sugar estates—at LBI and at Diamond.  Continue reading

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