Fall in gold, sugar prices puts pressure on dollar

The Private Sector Commis-sion is taking strong note of foreign currency limitations and the fluctuating value of the Guyana dollar.

“There has been some concern, but that is expected given the fall in gold and sugar prices. Once you have a drop in commodity prices there is going to be pressure on the currency,” Chairman of the Private Sector Commis-sion Ronald Webster told Stabroek News in an invited comment yesterday.

Businessmen had expressed concerns over the past few weeks that they had to pay $209 for US$1 to facilitate their business. “They telling you that foreign currency deh but which? It’s the US that most business people use and girl let me tell you it nah deh. We don’t know if