Guyanese Dollar

Guyanese Dollar

Guyanese Dollar overview

The Guyanese dollar (currency sign: $, G$ and GY$; ISO: GYD) has been the unit of account in Guyana (formerly British Guiana) since 29 January 1839. Originally it was intended as a transitional unit to facilitate the changeover from the Dutch guilder system of currency to the British pound sterling system. The Spanish dollar was already prevalent throughout the West Indies in general, and from 1839, the Spanish dollar unit operated in British Guiana in conjunction with British sterling coins at a standard conversion rate of one dollar for every four shillings and twopence. In 1951 the British sterling coinage was replaced with a new decimal coinage which was simultaneously introduced through all the British territories in the Eastern Caribbean. When sterling began to depreciate in the early 1970s, a switch to a US dollar peg became increasingly attractive as an anti-inflationary measure and the Eastern Caribbean Currency Authority (of which Guyana was a member) made the switch in October 1975. The Guyanese dollar is normally abbreviated with the dollar sign $, or alternatively G$ to distinguish it from other dollar-denominated currencies.

1 GYD to USD exchange rates chart

GYD to  exchange rates chart

Guyanese Dollar news

Taking Citizenship Week in Canada to new heights
Taking Citizenship Week in Canada to new heights

Taking Citizenship Week in Canada to new heights with special ceremonies across the country

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Caribbean Tourism - The Natural Environment For Electric Vehicles
Caribbean Tourism - The Natural Environment For Electric Vehicles

There is every reason why the Caribbean should be considering the use of electric vehicles now

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Holder’s Unique Path and Pursuits Fit ‘Great Mosaic’

There’s a whole wide world between tiny, rural Deeside, Jamaica and Jamaica High School. And by his teens, Justice Kenneth Holder had experienced a lot of it.

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There should be justice for pensioners who were wrongly paid the minimum NIS pension

Dear Editor, A few weeks ago the NIS published some statistical facts about pensions and the number of  pensioners. I recall some years ago I learnt a saying; “Statistics are like bikinis. What they

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India vs West Indies: For Hetmyer, IPL dream can take backseat to playing for Windies - Times of India

Cricket News: Over the past 11 seasons of the IPL, Chris Gayle, Dwayne Bravo, Andre Russell have become synonymous with their IPL teams. The big stars sometimes ten

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More pain and betrayal for Berbicians

Dear Editor, As I absorb the anxieties and outrage generated by the proposed toll hikes for the Berbice Bridge, I ask: what else is in store?  What next and what else could be lying in ambush, like n

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Guyana is increasingly seen as a stable, well-managed country with bright prospects for sustainable development

Dear Editor, Reference is made to your editorial, headlined, “Cohesion” (SN, 7/10/2018).  The mask is finally off. It would appear that your editorial board is not pleased with any initiative of the

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