Foreign exchange shortage

Is the oil sector contributing to national development proportionate to its size?

News EditorSeptember 30, 2023October 10, 202317 mins

Articles by Dr. Tarron Khemraj appearing on his business page in SN 2023/09/24 and SN 2023/09/10 require some comments, since the use of ‘Balances from Abroad’ imply that Commercial Banks have readily available sources of foreign exchange that are liquid balances and can be deployed to make good any foreign exchange ‘shortage’ affecting the Private…

New PSA fails to fix source of foreign currency shortage

News EditorMarch 29, 2023July 2, 2023010 mins

Chartered Accountant, Christopher Ram has reiterated his position that the current foreign currency shortage is a fallout from the 2016 Production Sharing Agreement for the Stabroek Block and he said Guyanese should note that the much vaunted Model PSA has essentially retained the old foreign exchange framework, which is the source of the problem. Writing…

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Is the oil sector contributing to national development proportionate to its size?