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Banking Division Questions

 

Can I send someone to encash my cheque?

Yes. The individual must present to the Bank the following:

  1. Identification of both parties (Identification Card or Passport)

  2. The back of the cheque must be endorsed with:

    1. the payee's name and address.

    2. the name and address of the person encashing the cheque.

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What are the different Caricom currencies that the Bank of Guyana purchase?

The Caricom currencies that the Bank of Guyana purchases are:

  • Barbados dollars

  • Belize dollars

  • Eastern Caribbean dollars

  • Trinidad and Tobago dollars

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Where can mutilated notes or coins be exchanged?

Mutilated notes and coins can be redeemed at the Bank of Guyana. The Bank has the authority under Section 24 of the Bank of Guyana Act No. 19 of 1998, to prescribe the conditions under which mutilated or defaced or otherwise defective notes or coins may be exchanged.

The Bank of Guyana will exchange mutilated or damaged Bank of Guyana banknotes upon presentation of more than fifty percent of the banknote. Persons presenting mutilated or damaged banknotes for exchange are required to give a written explanation of the cause of the mutilation or damage.

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How can I tell if I have a counterfeit note?

Bank of Guyana notes are designed with many security features to deter counterfeiting. The Bank has prepared a simple guide to aid in the detection of counterfeit.

If there is any doubt about the authenticity of a note, look for the security features

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