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

Exxon confirms discovery of more than four billion oil-equivalent barrels at Stabroek Block

GEORGETOWN, Guyana (CMC) — The ExxonMobil-controlled Stabroek Block offshore Guyana...

7 days conditional positive
Six injured as Fly Jamaica aircraft makes emergency landing in Guyana

GEORGETOWN, Guyana (CMC) – Six passengers on a Fly Jamaica flight were injured this morning...

about 1 month imperative positive
Guyana considers removal of obeah and witchcraft from law books

Guyanese nationals may soon be free to practice obeah and witchcraft. This, as the Government seeks to rid the nation's law books of Colonial-era laws. Among the cr

about 1 month conditional neutral
Former Guyana MP convicted of terrorism dies in US prison

NEW YORK, USA (CMC) – Former Guyana Member of Parliament Abdul Kadir, who was sente...

about 1 month indicative negative
Guyana, one of South America's poorest countries, struck oil. Will it go boom or bust?

Guyana is on the verge of an oil bonanza that could bring in US$1 million a day. But if it's not careful, this poor nation – population 750,000 – could fall prey to the dreaded 'resource curse.'

about 2 months conditional neutral

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