Guyana's Foreign Currency Demand Remains Strong Despite Supply Boost

President Dr Mohamed Irfaan Ali reported that foreign currency flowing through Guyana's financial system increased significantly in the first half of 2026, reaching US$3.115 billion - a 27.7% increase from the corresponding period in 2025.

The total represents a sharp rise from the previous year, with commercial banks purchasing US$2.279 billion in foreign currency during the first six months of this year compared to US$1.798 billion last year.

However, despite the increased availability, demand for US dollars remains strong, driven by growing consumer spending and business expansion.

The president noted that consumer behavior is changing, with credit-card settlements increasing from approximately US$140 million in 2024 to US$430 million in 2025 - a rise of more than 200% - and reaching around US$356 million already this year.