|
The Governor was later supported by Mr. Kemal Sogancilar, who
was appointed Banking Manager.
He was seconded from the
Central Bank of Cyprus but served earlier in the Turkish Central
Bank.
All of the other positions were initially held by Guyanese.
Two years later, Mr. William P. D’Andrade acceeded to the top
position to become the first Guyanese Governor of the Bank.
He was no stranger to the workings of the Bank since he was an
ex-officio member of the Board of Directors as a result of his
substantive post of Secretary to the Treasury, Ministry of
Finance and later served briefly as Deputy Governor.
The Bank
commenced issuing the new national currency notes on November 15, 1965,
to replace the BCCB notes, the issuance of which was expected to cease
by December 31, 1965. However, national coins were not issued
until the mid 1967. To date, the Bank has maintained De La Rue and
the Royal Mint as suppliers of the nation's
currency.
The
Ordinance establishing the Bank was revised and became the Bank of
Guyana Act. CAP:85:02. This Act was further revised in 1995, 1998
and latterly in 2004. The later revisions significantly enhanced
the role and purpose of the Bank within the framework of Guyana’s
economic and financial system. Additionally, they imparted greater
autonomy to the Bank in terms of its constitution, administration and
operations.
Since
its establishment, the Bank has unassumingly laid the foundation for the
economic growth of Guyana notwithstanding the many challenges. It has
provided leadership to the financial system and the public sector in
general, under often time difficult situations. |
