Latest update February 12th, 2025 8:40 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

These foreign currencies do not enter the Guyana market

Mar 30, 2017 Letters

Dear Editor,
Guyanese all over the world remit millions of foreign currency on a weekly basis to their families back home here in Guyana. Most times they use a company to facilitate these transfers. The company does not give the families in Guyana the actual denomination sent but instead they convert these remittances to Guyanese dollars at a further profit to themselves, as a low exchange rate is imposed on receivers of these remittances. This foreign currency does not enter the Guyana market. If the Guyana government was to halt this practice by this company and force them to remit the exact currency that is being sent to the receivers in Guyana this will lead to an increase in the liquidity of foreign currencies in Guyana.
This company is not a cambio and therefore should be barred from converting Guyanese hard earn foreign currency. Simultaneously Government must see this current currency crisis as an assault on the democracy of Guyana and their ability to govern. Government needs to identify the players who are making life hard for the small man and stop them.
Malachi James

Similar Articles

The Glenn Lall Show|| February, 10th, 2025

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Ministry of Culture, Youth and Sport endorses Mashramani Street Football Championships

Ministry of Culture, Youth and Sport endorses Mashramani Street...

Feb 12, 2025

Kaieteur Sports- The Ministry of Culture, Youth and Sport (MCY&S) will substantially support the Mashramani Street Football Championships ahead of its Semi-Final and Final set for this Saturday...
Read More
Guyanese boxers shine in IBA World Rankings ahead of Caribbean Championships

Guyanese boxers shine in IBA World Rankings ahead...

Feb 12, 2025

Motie returns for Day/Night affair, as fired-up Harpy Eagles eye 3rd straight win

Motie returns for Day/Night affair, as fired-up...

Feb 12, 2025

Daniel Singh pockets East Bank Pool crown

Daniel Singh pockets East Bank Pool crown

Feb 12, 2025

Khalil, Pollard and Barker reign supreme as BCQS Int’l Masters concludes

Khalil, Pollard and Barker reign supreme as BCQS...

Feb 11, 2025

Cricket West Indies passes historic governance reform at special meeting of shareholders

Cricket West Indies passes historic governance...

Feb 11, 2025

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]