Glossary: Guyanese dollar (G$)
DEFINITION:
Guyanese monetary unit, divided into 100 cents. The Guyanese dollar was repeatedly devalued in the 1980s, the official exchange rate dropping from US$1=G$4.25 in 1985 to US$1=G$10 in 1987. In April 1989, the government changed the official exchange rate to US$1=G$33. The unofficial (market) exchange rate at that time was reportedly US$1=G$60. In February 1991, the exchange rate was devalued further to align the official rate with the market rate, and the official exchange rate was adjusted weekly to keep this parity. As of June 1991, the official rate was US$1=G$125.