Central Bank Governor dismisses claims of US currency shortage

Dr Gobind Ganga

Bank of Guyana Governor Dr. Gobind Ganga has dismissed claims that there was a shortage of United States dollars locally, declaring that this country’s net reserves stood at over US$120 million up to Wednesday.

“There is no shortage,” Ganga told the Stabroek News when he was contacted on the issue, as he dismissed the complaints as a non-issue and referred this newspaper to local banks to verify.

Stabroek News was told that requests for foreign exchange at local banks was met with claims that there was shortage with the exception of Scotia Bank.