{"id":20524,"date":"2024-06-13T16:00:20","date_gmt":"2024-06-13T16:00:20","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=20524"},"modified":"2024-06-13T16:00:21","modified_gmt":"2024-06-13T16:00:21","slug":"government-ensures-stability-in-foreign-currency-availability","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/government-ensures-stability-in-foreign-currency-availability\/","title":{"rendered":"Government Ensures Stability in Foreign Currency Availability"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>Vice President Dr. Bharrat Jagdeo has affirmed the government&#8217;s proactive stance in monitoring and intervening to maintain adequate foreign currency reserves.<\/p>\n\n\n\n<p>The government&#8217;s oversight includes collaborating closely with banking institutions to address fluctuations in foreign currency availability. <\/p>\n\n\n\n<p>Dr. Jagdeo emphasized the natural expectation for increased demand as the country continues to develop. <\/p>\n\n\n\n<p>He underscored the government&#8217;s readiness to intervene through the central bank to mitigate any short-term mismatches that could lead to currency depreciation.<\/p>\n\n\n\n<p>During a recent press conference, Vice President Dr. Jagdeo highlighted that the government has already implemented systems to stabilize the market. <\/p>\n\n\n\n<p>He mentioned recent meetings with bankers to address short-term mismatches in supply and demand, leveraging the central bank&#8217;s capacity for significant interventions when necessary.<\/p>\n\n\n\n<p>Dr. Jagdeo reassured the public of the government&#8217;s capability to intervene multiple times throughout the year to maintain stability in the foreign exchange market. <\/p>\n\n\n\n<p>He stressed that monitoring remains crucial to ensuring the exchange rate remains steady and conducive to the economy&#8217;s needs.<\/p>\n\n\n\n<p>In conclusion, the government&#8217;s ongoing efforts aim to uphold a balanced foreign currency exchange rate, crucial for economic stability and growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vice President Dr. Bharrat Jagdeo has affirmed the government&#8217;s proactive stance in monitoring and intervening to maintain adequate foreign currency reserves. The government&#8217;s oversight includes collaborating closely with banking institutions&hellip;<\/p>\n","protected":false},"author":4,"featured_media":16066,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[350],"tags":[],"class_list":["post-20524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/20524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=20524"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/20524\/revisions"}],"predecessor-version":[{"id":20525,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/20524\/revisions\/20525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/16066"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=20524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=20524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=20524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}