Currency & Banking

The Guyanese Dollar denoted by GYD or GY$ is the official currency used in Guyana; however the US Dollar is also used very commonly.

Exchange Rate; 1.00 US$ is approximately 200 GY$

Students coming to Guyana are not recommended to carry large sums of cash. Funds should be carried in form of traveler's cheque.

GMU strongly recommends students to open a bank account in Guyana for which the university will provide assistance. There are many international banks in Guyana such as Scotia Bank, where students can open an account either in local currency or United States dollars.


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