BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Bank of Guyana Bank of Guyana Bank of Guyana was established in 1965 and is located in the capital city of Georgetown. The mission of the Central Bank is to maintain domestic price stability, through the prudent formulation and implementation of monetary policy. The Bank actively fosters conditions for a sound, efficient and progressive financial system. Within the context of the economic policy of the Government, the Bank shall be guided in all its actions by the objectives of fostering monetary stability and promoting credit and exchange conditions conducive to the growth of the economy of Guyana.   The Bank commenced issuing the new national currency notes on November 15, 1965, to replace the BCCB notes, the issuance of which was expected to cease by December 31, 1965. However, national coins were not issued until the mid 1967. To date, the Bank has maintained De La Rue and the Royal Mint as suppliers of the nation's currency. Apart from specifying the administrative and management arrangements for the Bank, the Ordinance, inter alia, decreed the Bank to: have the sole right to issue and redeem notes and coins; act as banker to the commercial banks; act as fiscal agent and trustee of and banker to the Government; and administer payment agreements entered into by the Government. In achieving the objectives above, the Bank of Guyana are commits itself to providing effective support functions through a sound banking and financial control system, appropriate information system and the development of competent and qualified staff.   Bank of Guyana HQ Address: Lot 1 Church and Avenue of the Republic Robbstown Georgetown Guyana Telephone: +592 226 3250 Facsimile: +592 227 2965 Website: www.bankofguyana.org.gy Currency: Guyana Dollar Banking Hours: Mon - Thur  :  8.00am - 2.00pm         Friday :  8.00am - 2.30pm   The Financial Institutions Act No.1 of 1995 which came into operation on the May 29, 1995 created the framework for the regulation of the business of banking and other financial business in Guyana. This Act consists of nine parts which includes requirements related to licensing of financial institutions, paid up capital, restrictions on banking and financial activities, supervision of licensed financial institutions and provisions for insolvency and winding up. The Financial Institutions Act remained substantially unchanged since its enactment in 1995 until November 2004 when amendments were made by way of modification of some sections of the Act and the inclusion of new emergency provisions dealing with temporary control.   DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved