A Carapo man who was found to be in possession of counterfeit US currency, is currently in police custody after being arrested by officers of the St. Joseph Criminal Investigations Department (CID).
Acting on information, officers led by Sgt. (Ag.) Clifton Thomas, of the St. Joseph CID, proceeded to the City of Grand Bazaar, Valsayn, around 1:15 pm on Tuesday 5th June, 2018, where they conducted surveillance of a male suspect at the Food Court.
The suspect, a 24-year-old racehorse jockey, who was behaving in a suspicious manner, was stopped and searched by officers.
The Bank of Guyana on Thursday announced that it has temporarily stopped buying Barbados, and Trinidad and Tobago dollars from cambios as part of efforts to stem increased demand for United States (US) dollars.
He said evidence shows that persons have been coming from Barbados, and Trinidad and Tobago to buy American dollars, resulting in a decision by the Bank of Guyana to stop buying those countries’ currencies from cambios.
The Central Bank is warning citizens that foreign exchange transactions on the black market are illegal.
In a release issued today the bank stated that persons conducting foreign exchange transactions outside of the 12 authorized dealers maybe liable to a fine or face the possibility of a jail term, from anywhere between two to five years.