Bank of Guyana, The

The Bank of Guyana was established by virtue of the Bank of Guyana Ordinance No. 23 of 1965. Actual operation commenced on October 16. 1965 – seven months before the country gained political independence. The early establishment of the Bank was promoted by an agreement of the U.K. Government (acting for the still colonial members of the British Caribbean Currency Board (BCCB) and the Trinidad & Tobago Government), for the dissolution of the BCCB by mid-1967 and the cessation of issuance of currency after 1965. The Bank of Guyana Ordinance established the Central Bank as an ‘autonomous institution' with headquarters in the capital city of Georgetown with the following principal objectives: Within the context of the economy policy of the Government, the Bank shall be guided in all its actions by the objectives of fostering monetary stability and promoting credit and exchange conditions conducive to the growth of the economy of Guyana. Apart from specifying the administrative and management arrangements for the Bank, the Ordinance, inter alia, decreed the Bank to: * have the sole right to issue and redeem notes and coins * act as banker to the commercial banks * act as fiscal agent and trustee of an banker to the Government * administer payment agreements entered into by the Government

Address: P.O. Box 1003, 1, Church Street & Avenue of the Republic, Georgetown, Guyana, South America

Phone: +592 226 3250 9
FAX: +592 227 2965