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About Us
BRIEF HISTORY
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:
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have the sole right to issue and redeem notes and coins
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act as banker to the commercial banks
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act as fiscal agent and trustee of an banker to the Government
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administer payment agreements entered into by the Government
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