16 h. ago Measures announced by the President will do nothing to ease the pressure on the Guyana dollar

Dear Editor, I write with reference to the news that the government has injected US$1.2B in the foreign exchange market for the year thus far.  The article Measures announced by the President will do nothing to ease the pressure on the Guyana dollar appeared first on Stabroek News.

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16 h. ago Strengthen economic fundamentals to foster sustainable US dollar inflows

Dear Editor, I am writing in response to your recent article, “Gov’t tightening up on foreign exchange access.” While efforts to stabilize the economy are understandable, direct intervention in the foreign exchange market carries significant risks and raises important questions about intent. The article Strengthen economic fundamentals to foster sustainable US dollar inflows appeared first on Stabroek News.

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17 h. ago Foreign exchange restriction reflects poor management of our oil revenues

Dear Editor, You were gracious to publish my tongue-in-cheek letter yesterday but after reading R. Reagan’s excellent letter, also published in yesterday’s SN, I was reminded of the dire consequences of the new foreign exchange restrictions. The article Foreign exchange restriction reflects poor management of our oil revenues appeared first on Stabroek News.

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17 h. ago Banks welcome tightening up to detect duplication of foreign currency requests

Commercial banks have welcomed new measures shared by President Irfaan Ali to address duplication of invoices and other practices they say have placed pressure on the foreign currency market. The article Banks welcome tightening up to detect duplication of foreign currency requests appeared first on Stabroek News.

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17 h. ago Persons travelling with less than US$10,000 will not be impacted by new reporting measures – Jagdeo

Persons travelling out of Guyana with less than US$10,000 will not be impacted by the new foreign exchange reporting measures and these will also not affect this country’s small businesses, Vice President Bharrat Jagdeo yesterday said. The article Persons travelling with less than US$10,000 will not be impacted by new reporting measures – Jagdeo appeared first on Stabroek News.

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40 h. ago Foreign exchange directives will inhibit legitimate businesses through delayed transactions by commercial banks

Dear Editor, Thank you for allowing me space in your most valuable column and as a follow up to the previous ForEx issue I raised. The article Foreign exchange directives will inhibit legitimate businesses through delayed transactions by commercial banks appeared first on Stabroek News.

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41 h. ago Fiscal expansion has pushed demand for US dollars far beyond what G$210 can bear

Dear Editor, The shortage of foreign exchange – US dollars – shows that something is “wrong” with the price. At G$210, demand exceeds supply. The article Fiscal expansion has pushed demand for US dollars far beyond what G$210 can bear appeared first on Stabroek News.

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1 week ago WIN Leader says phoned Central Bank governor on fate of accounts closed by banks

WIN Leader Azruddin Mohamed  said he telephoned Dr. Gobind Ganga, Governor of the Bank of Guyana on Friday to inquire about the status of the accounts which were closed by commercial banks. The article WIN Leader says phoned Central Bank governor on fate of accounts closed by banks appeared first on Stabroek News.

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1 week ago Central Bank says advised Azruddin Mohamed to withdraw case against commercial banks

The Bank of Guyana (BoG) last night issued a statement saying that the Governor of the BoG, Dr Gobind Ganga had advised the leader of We Invest in Nation-hood  (WIN) Azruddin Mohamed to withdraw his case against commercial banks in relation to the closure of accounts of WIN members. The article Central Bank says advised Azruddin Mohamed to withdraw case against commercial banks appeared first on Stabroek News.

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2 w. ago Commercial banks investment of USD into short term instruments delays the availability of the USD in Guyana

Dear Editor As a business owner, there are always the known and associated unknowns along with the risks and rewards. At the end of the day, my opinion is that once a business is run on principle and ethics with strong focus on customer service and employee satisfaction, it is difficult to fail. The article Commercial banks investment of USD into short term instruments delays the availability of the USD in Guyana appeared first on Stabroek News.

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2 w. ago Pharma, chicken companies top users of foreign exchange in Trinidad over last five years

(Trinidad Express) Phamaceutical and chicken companies have topped the list of foreign exchange (forex) users who obtained mo­ney from the Exim­Bank over the last five years. The article Pharma, chicken companies top users of foreign exchange in Trinidad over last five years appeared first on Stabroek News.

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