The Guyana dollar is not at risk according to Lawrence Williams.
Speaking to this newscast recently, Williams said that there was an increase in demand for foreign currency particularly the us dollar, some from weeks, which had created an artificial risk of devaluation.
One of the main Duties of the Bank of Guyana is fostering domestic price stability through the promotion of stable credit and exchange conditions
Williams reminded that dealers buying and selling foreign currency must be licensed under the foreign currency (licensing) Act.
He said that once there are no external forces he foresees the dollar remaining stable, since there is enough foreign exchange to supply the demand for imports.
Williams also explained that recent devaluation of the Brazilian REAL would not have any direct impact on trading in the capital.
However, he explained that some neighbouring villages such as Lethem may be affected.
Unlike some other countries in the region, the Guyana dollar is not pegged to the US dollar at a fixed rate. Guyana operates operates an open market monetary policy which sees a floating dollar.