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HomeNewsGCCI MEETING WITH BANKERS ASSOCIATION TO ADDRESS REPORTED US CURRENCY SHORTAGE

GCCI MEETING WITH BANKERS ASSOCIATION TO ADDRESS REPORTED US CURRENCY SHORTAGE

By Renata Burnette.

The Private Sector Commission has written to the Guyana Association of Bankers requesting a meeting after the Governor of the Central Bank, Dr. Gobind Ganga, refuted reports of a shortage of US currency at local banks.

The reports of a shortage of US currency at local banks have caused concern among businesses and individuals who rely on foreign currency for their transactions. As a result, the Private Sector Commission is addressing these concerns by requesting a meeting with the Guyana Association of Bankers.

The President of the Georgetown Chamber of Commerce and Industry, Timothy Tucker, shared his expectations for the upcoming meeting scheduled for next week. He emphasized the importance of finding a solution to the reported shortage of US currency, as it could hurt the country’s economy.

The meeting between the Private Sector Commission and the Guyana Association of Bankers is expected to focus on the current situation regarding the availability of US currency at local banks and possible solutions to address any shortages that may exist.

The Governor of the Central Bank, Dr. Gobind Ganga, has refuted reports of a shortage of US currency at local banks, stating that the country has enough reserves to meet its foreign currency obligations. However, the Private Sector Commission is taking the reports seriously and calling for action to ensure businesses and individuals have access to the foreign currency they need.

As the situation develops, the Private Sector Commission and the Guyana Association of Bankers are expected to work together to find a solution that will address any shortages and ensure the smooth functioning of the country’s economy.

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