Foreign Currency Shortages in T&T, Inflated Invoices in Guyana Impacting Local Demand

Guyanese selling foreign currency to Trinidadians spiking local demand – Jagdeo - INews Guyana

Vice President Dr Bharrat Jagdeo on Thursday noted that the issues in the foreign currency market in Guyana may be as a result of Trinidadian businessmen purchasing US dollars from Guyanese cambios and businesses. “Some of the cambios and the banks, to a lesser extent the banks, are selling the foreign currency to […] The post Guyanese selling foreign currency to Trinidadians spiking local demand – Jagdeo appeared first on INews Guyana.

Foreign currency shortages in T&T, inflated invoices in Guyana impacting local demand

Vice President Bharrat Jagdeo While there has been an outcry in sections of society over foreign currency shortages, Vice President Bharrat Jagdeo has highlighted that a major factor in these shortages is the high demand for US dollars in neighbouring Trinidad and Tobago, which has had a detrimental impact on the availability of foreign currency in Guyana. During his Thursday press conference, Jagdeo addressed the issue of the foreign currency m…

Locals may be selling foreign currency to Trinidadians

Amid serious foreign currency constraints in Trinidad and Tobago, Vice President Dr. Bharrat Jagdeo believes that some locals are supplying the money to Trinidadians, a venture that is contributing to the spike in domestic demand. Dr. Jagdeo addressed foreign currency concerns at his Thursday press conference at Freedom House, the People’s Progressive Party Civic (PPP/C) headquarters. At the engagement, he explained that domestic demand for fore…