Amid heightened complaints from businessmen about the unavailability of foreign currency, the Bank of Guyana (BoG) on Friday issued a circular to bank cambios which is intended to crack down on shadowy transactions.
Bank cambios will have to submit invoices against which foreign currency is sold to the Guyana Revenue Authority (GRA).
The updated guideline on bank cambio operations said that the “Bank of Guyana is taking a number of measures to address the current Foreign Exchange situation. One area of concern is the importation of goods which requires a valid import invoice as set out in Bank of Guyana Circular No.05/2017.