The US$200 million (which equates to some $41.7 billion) from Guyana’s Natural Resource Fund (NRF) held in the Federal Reserve Bank of New York, was transferred on Wednesday to this country’s Central Bank and will be subsequently deposited into the Consolidated Fund for spending, this newspaper understands.
Government, though the Minister with responsibility for Finance, this week requested the Central Bank here to put in the request to its US counterpart to make the monies available for transfer, sources close to the process explained.
