Guyana’s foreign reserves plummet, money depreciates

krishna · 02-06-2014, 01:32 PM · 1 person reading this discussion

#1
The Central Bank’s third quarter report for 2013 review revealed that gold, diamond, rice, and lumber output increased, while sugar, fish, poultry and bauxite output declined.
Compared to an overall surplus of US$57.8M in the third quarter 2012, a Balance of Payments deficit of US$220.4M was recorded in the third quarter of 2013, which would have contributed to the steep decline seen in the level of net international reserves.
On January 31, 2014, the exchange rate stood at G$208.44: US$1.00, up from an average of G$205.42 : USD1.00 in September 2013.
The International Monetary Fund expects growth to soften to 4.3 per cent in 2014, down from 4.8 last year.

#2
The odda day on my Dad's Guysuco pension :

222 to 1 Cdn$ 

50 Cdn$ for GBTI to act as Power of Attorney and senn up de money.

10 Cdn$ for the international money order ...

Oh , well !  :-[

#3
Of course this is after he wheelChaired into the Guyana consulate on consumers road :

and signed in front of the Consular General , a LIFE certificate ...

TO prove he still deh bout at age 93  :-[

#4
so how much for a loaf of slice bread in Guyana

#5
[quote author=mapoui link=topic=87499.msg548225#msg548225 date=1391706942]
so how much for a loaf of slice bread in Guyana
[/quote]  Man should not live by bread alone . In  Guyana you talk rice 

#6
well...how much for a loaf of sliced rice bread ::confused::

#7
or..how much for a roti bread, ah bake, casava bread, a pound of eddoes, dasheen, yam and plantain ::confused::

#8
[quote author=mapoui link=topic=87499.msg548231#msg548231 date=1391707672]
or..how much for a roti bread, ah bake, casava bread, a pound of eddoes, dasheen, yam and plantain ::confused::
[/quote]Dem is real food

#9
well what about a wedge of cassava and coconut pone..how much wud dat cost with a glass of mauby with ice

#10
75 grand for a bottle of demerara aged rum ...

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