-‘We want to safeguard our financial system’ says Jagdeo
The Bank of Guyana yesterday revoked the licence for Confidential Cambio which is owned by Nazar Mohamed, a move government says stems from the sanctions imposed on the Mohameds by the United States on Tuesday.
“Members of the Public are hereby advised of the revocation of the licence of Confidential Cambio situated at Lot 29 Lombard Street Werk-en-Rust, Georgetown in accordance with the Dealers in Foreign Currency (Licensing) Act 1989. As a consequence, the entity is no longer authorized to conduct the business of buying and selling of foreign currency,” the bank said in a notice to the public yesterday.
Confidential Cambio is a part of the Mohamed’s Enterprise which is situated on Lombard Street, Georgetown.