Between the period January 1, 2017 and March 28, 2017, commercial banks requested $51,183,000 in US dollars from the Bank of Guyana (BoG), compared with $60,950,000 that was requested for the entirety of 2016.
This is according to data from the BoG and some in the private sector are claiming that the scale of the requests, which is equivalent to over 80% of the requests made for all of last year, is a representation of decreasing supply from other sources.
It is unclear whether there were similarly high requests in the first quarter of last year. Of the $60,950,000 in requests for last year, $27,650,000 was met, according to the data. Of the $51,183,000 in requests for the first
