Further to my letter published in the Stabroek News of April 4, 2010 under the caption ‘There is inequity in the currency exchange rates,’ I am pleased to note that the Guyana Association of Bankers seems to have taken corrective action to remedy the situation.
A table on the exchange rates published in the Guyana Chronicle of April 16 shows the buying rate and the selling rate for Cdn$1.00 as G$203.22 and G$203.56, respectively. As well, the table shows the buying rate and the selling rate for US$1.00 as G$203.49 and G$205.91, respectively. These publish-ed rates for the Canadian dollar are now reflective of the near par equivalence of the Canadian and the US dollar.
I applaud the Guyana bankers for their corrective action.
Yours faithfully,
Harry Hergash
