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The Bank of Guyana Ordinance established the Central Bank as an ‘autonomous institution' with headquarters in the capital city of Georgetown. 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 ...
Banking in Guyana follows the country's tumultuous economics history, from formal introduction under British rule, the socialist-oriented nationalization of banks at independence, to IMF sponsored open-market initiatives.
The British Guiana Bank issued notes until 1907, with the Colonial Bank issuing notes until 1917. The Colonial Bank was taken over by Barclays Bank, which issued notes in denominates of 5, 10, 20 and 100 dollars between 1926 and 1941. In 1909, the Royal Bank of Canada introduced 100 dollars notes, followed in 1913 by 5 and 20 dollars notes ...
Lawrence Theodore Williams CCH, (c. 1955 – May 7, 2014) was a Guyanese banking official. He served as the governor of the Bank of Guyana from June 8, 2005 until his death on May 7, 2014. [1]
The history of Guyana begins about 35,000 years ago with the arrival of humans coming from Eurasia. These migrants became the Carib and Arawak tribes, who met Alonso de Ojeda's first expedition from Spain in 1499 at the Essequibo River .
The economy of Guyana is one of the fastest growing economies in the world, with a gross domestic product (GDP) growth of 19.9% in 2021. [9] In 2024, Guyana had a per capita gross domestic product ( purchasing power parity ) of Int$ 80,137 and an average GDP growth of 4.2% over the previous decade. [ 4 ]
Georgetown is located on Guyana's Atlantic coast on the east bank of Demerara River estuary. The terrain in this part of the country where the city is located is flat coastal plains. The city is surrounded by a blanket of cane fields along with marshy swamps, and savannah lands on its east and south.
Republic Bank (Guyana) Limited was formed in 1836 as the British Guiana Bank, which was the first commercial bank in British Guiana, now Guyana. As of 2024 it has 12 branches and 52 Automated Teller Machines (ATMs).