Guyana's central bank temporarily suspending trade in the Barbadian dollar on Friday due to a flood of that country’s currency in its market.
Guyana’s monetary authorities also moved against the Trinidad and Tobago dollar.
Though trading is temporarily suspended, the central bank said persons conducting legitimate business could still deal in the dollars of the two CARICOM member states.
The business community has reportedly been facing a recent shortage of US currency.
The government has indicated that there is no such shortage as there are adequate reserves.
However, they were worried that local traders were accepting large amounts of Barbados and Trinidad currency and exchanging them for US dollars.
There is unrestricted access to foreign currency in Guyana and reports are that business people from Barbados and Trinidad have been using this gateway to access US dollars.
.jpg){kind=logo}
All feeds
