Caricom should consider adapting their exchange rate strategy to the USD, already the preferred trading currency of the region

Dear Editor, Even though Guyana became Caricom’s largest oil producer in 2023, no Caricom country imports oil from that country. In fact, Guyana imported US$21 million of fuels, oils and distillation products from Jamaica in 2024, a reflection of the fact that Jamaica has an oil refinery and Guyana does not. The article Caricom should consider adapting their exchange rate strategy to the USD, already the preferred trading currency of the region appeared first on Stabroek News.


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