The US dollar has been trading at a high of $190, since around May of this year and there is currently a shortage of the currency in the form of drafts and telexes.
Notes drafts,others
NBIC buying 180 184
DBL buying 183 184
GBTI buying 182 184 selling 189 191.25
GNCB buying 182 184 selling 189 190
These rates have prevailed since May of this year and were preceded by a government intervention to the tune of some US$11 million before general elections in March, sources say.
Stabroek News
August 24, 2001
A check at most of the city banks on Wednesday revealed that there were either no draft or telexes available and if they were, the price went up depending on the quantity of currency sought.
The Bank of Nova Scotia (BNS) reported that there were no telexes or drafts available for sale and the Guyana Bank for Trade and Industry tellers indicated that depending on the quantity being requested a higher price would have to be negotiated for the sale of these facilities.
The Guyana National Cooperative Bank (GNCB) was charging an additional $1 per transaction once you did not have an account with that bank.
The selling and buying rates for the respective banks as quoted Wednesday were:
selling 190 190
selling 189 190
BNS buying 180 184
selling 189 190