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How does the Central Bank act as a Clearing House?
The National Clearing House
was established in 1998 and is located at the Bank of Guyana. BOG
through co-operative arrangements with selected commercial bank branches
in other regions has designated them as Clearing House Facilities to act
on its behalf. Members of the NCH meet twice each business day,
morning and afternoon to present cheques drawn on each other. At
the end of each session, the multilateral net position of members is
calculated. The final net position is posted to the respective Reserve
Accounts at the end of each business day.
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