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Banks business part of financial rather than economic plan

Mar 04, 2009 Letters

Dear Editor,
It is funny how some politicians were claiming that having the banks deposit a large share of their liquid assets (CASH) at the Bank of Guyana in case of a run on the banks was not required, and that we should use this money for investment instead of letting it sit in the Banks.
And now they are saying that the PPP/C Government lacked “financial planning” and “economic planning”.
Having banks deposit 18% of their investment at the Bank of Guyana sounds like Guyana having a financial plan.
Yearly Budgets are called economic plans for the immediate and for the future.
Sean Brignandan

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