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Guyana

Guyanese Dollar

GYD

Official currency of Guyana

GY$ Symbol
BoG

About the Guyanese Dollar

The Guyanese Dollar was introduced after Guyana gained independence from the United Kingdom, replacing the East Caribbean Dollar.

The name 'Dollar' reflects the historical use of Dutch and Spanish dollars in the region.

Interesting Facts

An Emerging Oil Giant

Guyana has recently become a major oil producer, which is rapidly transforming its economy and is expected to have a significant impact on the Guyanese Dollar's value.

Kaieteur Falls on Banknote

The banknotes showcase the country's natural beauty, including Kaieteur Falls, one of the world's most powerful waterfalls.

The 'Land of Many Waters'

Guyana's name is an indigenous word meaning 'Land of Many Waters', a theme reflected in the imagery of its currency.

Historical Timeline

1966

Guyana gains independence and introduces the Guyanese Dollar.

Denominations

Banknotes

GY$20 Red
GY$50 Brown
GY$100 Green
GY$500 Red
GY$1000 Purple
GY$5000 Green

Coins

1 dollar
5 dollars
10 dollars

Security Features

Watermark Security thread Holographic elements See-through register Intaglio printing

Quick Facts

ISO Code
GYD
Symbol
GY$
Numeric Code
328
Subunit
Cent (1/100)
Introduced
1966-01-01

Central Bank

Name
Bank of Guyana
Headquarters
Georgetown, Guyana
Founded
1965
Current Governor
Gobind Ganga (since 2014)
Visit Website

Economic Data

Reserve Currency Share
0.0%
Forex Volume Share
0.0%
Inflation Rate
1.7%
Interest Rate
5.00%

What Affects the GYD Exchange Rate?

Oil production and export revenues
Government management of oil wealth
Exports of gold, bauxite, and rice
Political stability
Foreign investment in the oil sector

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