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Whopping $848M in coins currently in circulation
There is currently in excess of $56B in notes and coins in circulation around the country.
This is according to the information gazzetted by the Bank of Guyana when it reported on the nation’s assets and liabilities.
According to the Bank of Guyana there is $848M in coins. Coins in Guyana are denominated into $1, $5 and $10.
When it comes to the paper notes in circulation that figure stands at a whopping $55.7B.
Guyana utilizes bank notes denominated in $20, $100, $500 and $1,000 bills.
According to the figures released by the Bank, Guyana’s total assets and liabilities currently amount to $215B of which $135B is located overseas.
The figures were recently published in the Official Gazette and in providing a breakdown of Guyana’s Foreign Assets it says that there is more than $11B as balances in overseas banks.
According to the figures released, there is also $1.8B in foreign notes in the process of redemption and another $107B in capital market securities.
On the local front Guyana has a total of $30B.
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There shouldn’t be extra circulation.