Minister of Finance Winston Jordan has blamed recent reporting of what he labelled a “contrived” shortage of foreign currency for creating “a climate of speculation and hysteria.”
Speaking at the opening of the new Citizens Bank Headquarters on Camp Street on Friday, Jordan explained that the foreign exchange market in Guyana functions in a liberalised environment, with free trading or intermediation of foreign currency in the market.
He, however, noted that media reports about a shortage of foreign currency have led to several developments which have artificially stressed the foreign exchange market and have the potential of destabilising Guyana’s fragile economy, which he said is finally