Guyanaese Dollar

The Guyanese dollar has been the official currency of Guyana since 1839. It is subdivided into 100 cents. The Central Bank of Guyana has the exclusive authority to issue banknotes and coins in the country. The Guyanese dollar is one of the few dollar-denominated currencies in South America. The Guyanese dollar is also one of the highest-valued currencies in the world. The Guyanese dollar is pegged to the United States dollar at a rate of 1 Guyanese dollar = 1 US dollar. This peg has been in place since January 1, 1993. The Central Bank of Guyana is required to maintain this peg. The Guyanese dollar is used in Guyana, as well as in some other countries, including Suriname, where it is also pegged to the US dollar. In Suriname, the Guyanese dollar is officially referred to as the "gulde". The Guyanese dollar is one of the strongest currencies in the world, with an exchange rate that is rarely outside of the range of $1 = G$200-$250. This makes it a popular currency for money remitters, as well as for investors looking for a stable currency.