Dedollarization

De-Dollarization? Not so fast

The previous column discussed several important international functions the dollar performs. The dollar serves as an international store of value enabling countries that earn foreign exchange to save in an easily convertible currency. It serves as a medium of exchange allowing payments beyond the American border. It also serves as a unit of account permitting…

Read More
Fair Equilibrium for Profit

A fair equilibrium for Guyana’s profit share must focus on a New Production Sharing Agreement

By Stabroek News July 1, 2022        Dear Editor, Recently, I read a report prepared by SPHEREX Analytics, an accounting firm that produced the 2020 and 2021 financial statements for Esso Exploration and Production Guyana Limited (EEPGL). In the report, it is claimed that, ‘… Guyana’s share in profit and royalty is greater than the net…

Read More