Bank of Guyana rejects FX criticism
Country’s FX reserves fell to 1.4 months’ worth of export cover in the autumn
Guyana’s central bank has rejected criticism from a business association over the level of its foreign exchange reserves.
The country has had a persistently low level of international reserves in recent years, partly due to the cost of developing the oil sector. The Bank of Guyana reported enough reserves to cover 1.4 months of imports at the end of September 2022.
The Georgetown Chamber of Commerce and Industry complained on March 2 that the central bank had ignored its requests for foreign
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