Guyana Banking and Money

Banking Hours

Banking Hours at most banks are relatively short:

Mondays to Thursdays: 08:00 — 14:00
Fridays: 08:00-14:30
Main commercial banks

Bank of Baroda: Georgetown
Bank of Nova Scotia: Georgetown (3 branches) Bartica, New Amsterdani, Parika
Citizen’s Bank: Georgetown, Parika
Demerara Bank: Georgetown
Guyana Bank for Trade and Industry: Georgetown(3 branches), Corriverton, Anna Regina, Parika,Weed-en-Hoop
Guyana National Cooperative Bank: Georgetown, Anna Regina, Corriverton Kwakwani, Linden, New Amsterdam, Rose Hall, Vreed- en-Hoop
Republic Bank Guyana Limited: Georgetown (2 branches), Anna Regina, Corriverton, Linden,
Rosehail,Rosignol

Currency

The unit of currency is the Guyana dollar, which floats against the US dollar. Exchange rate is approximately US$1 = G$200. US dollars are widely accepted. British, Canadian and some other bank notes may be accepted as well. Foreign currency can be changed at banks, finance houses, and cambios. Many hotels will also change money but generally give less attractive rates.

Credit Cards

Major credit cards and traveller’s cheques are accepted by most hotels, restaurants, car rental agencies and tour operators. Scotia Cards and Master Cards can be used to obtain cash from the Bank of Nova Scotia during banking hours. American Express cards can be used at Demerara Bank. Foreign credit cards cannot be used at ATM machines in Guyana

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2 Responses to Guyana Banking and Money

  • Alan Legg says:

    Dear Sir or Madam,

    We are finalizing the accounting records of our subsidiary in Guyana and would appreciate it if you could provide us with “the Spot exchange rate” as at July 31, 2009.

    Thanking you in advance,

    Sincerely yours,
    Alan Legg
    Mammoth Minerals Inc
    Toronto, Canada

  • Ethan Zupancic says:

    funny! Be intrigued to c how long it lasts this time for Zellweger.

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Guyana Facts

Official Name
The Co-operative Republic of Guyana. Georgetown is the capital city.

National Symbols
Coat of ArmsNational Flag

 

Population

Approximately 751,223 (Census 2002) of which 90% live along the coastal strip and banks of the three major rivers. The ethnic composition of the population is as follows:

  • East Indian 43.5%
  • Black (African) 30.2%
  • Mixed 16.7%
  • Amerindian 9.1%
  • Other 0.5%

Location

North East of South America between 1o & 9o North Latitude and 57o & 61o West Longitude, bordering Venezuela to the West, Brazil to the South, Suriname to the East.

Language

The official language is English. Often spoken with a Caribbean Creole flavour. Guyana is also the only English speaking country in South America.

Government

Guyana became independent from Britain in 1966 and a “Cooperative Republic in 1970, when a non executive President replaced the Governor-General. A new constitution in 1980 gave the President wide executive powers. The Cabinet is headed by the President, and there is a 65-member National Assembly elected by proportional representation.

President: Bharat Jagdeo
Prime Minister: Samuel Hinds

Other information

Currency: Guyana Dollar
Time Zone: GMT – 04:00
Area: 214,970 km2 or 83,000 sq mi
Country Code: 592
We drive on the left side of the road.

More information about Guyana | World Cities: Georgetown

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