Guyana is at present time (July 2024), earning 1.5 billion USD in oil revenues per month. That is US$1,500,000,000 (fifteen hundred million US dollars) which is equivalent to more than $300,000,000,000 (three hundred thousand million Guyana dollars). That is expected to increase in the coming months as oil production in Guyana continues to scale upward.
Tag: economy of guyana
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World’s Strongest Currencies
The Guyana Dollar presently stands at about 210 Guyana dollars to 1 US dollar, but all of that is about to change. With increasing oil exports, the strength of the Guyana dollar is expected to climb against the US dollar. Assuming that the economy is managed well, the Guyana dollar has the potential of becoming stronger than the US dollar in less than 10 years.