-Central Bank says periodic interventions have stabilised situation
Foreign exchange access continues to affect businesses and “the small man” here in Guyana and the trend will continue despite currency injections if government doesn’t take action to address the root cause, as there is too much economic activity without enough production and exports, businessman Terrence Campbell says.
However, Bank of Guyana Governor, Gobind Ganga, says that that the bank’s periodic interventions are enough to stabilise the economy and that the April injection of US$100 million shows that while demand at one institution might be higher, the cumulative daily totals indicate that there is no need for panic.
Campbell acknowledged that the oil and gas sector has fuelled significant infrastructural growth in the country but says that growth is leading to excessive demand for imported items.
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