Central Bank pumps nearly US$1.5B into banking system as Gov’t ensures stable foreign currency supply

President Dr Irfaan Ali on Saturday revealed that the Central Bank has injected almost US$1.5 billion into Guyana’s banking system so far in 2025, nearly four times that of 2024, describing it as one of the largest and most proactive interventions ever taken to stabilise the foreign currency market.

The President said the injections, including US$380 million provided directly to commercial banks last year, demonstrate the Government’s “unwavering commitment to ensuring stability, liquidity and confidence in the financial system.”

The move comes amid rising demand for foreign currency, driven by rapid private-sector expansion, increased imports, and intensified investment activity across the country.

The US$1.5 billion injection reflects a wider Government strategy aimed at maintaining stable exchange-rate conditions, ensuring businesses have timely access to foreign currency, and preserving confidence during a period of fast-paced economic transformation.

Authorities have been closely tracking delays reported by sections of the business community in securing foreign currency. While some companies have experienced some delays, the Government maintains that Guyana has more than adequate reserves to meet demand, and injections will continue whenever necessary.

Senior officials have noted that complications can arise when some businesses submit multiple purchase requests across different banks simultaneously, creating artificial pressure in the system.

The Government has also been focused on curbing illicit demand for physical notes, particularly by individuals or companies attempting to move large sums of cash outside the formal banking system. Such practices create unnecessary strain on currency circulation and distort the exchange rate for physical notes.