GYDGuyanese DollarGuyanese Dollar (GYD)
The Guyanese dollar is Guyana's official monetary unit and the currency used for domestic prices, wages and public accounts. The Bank of Guyana is responsible for the currency and publishes information on notes, coins and the national payment environment. GYD is the ISO code used in international data systems, helping distinguish the Guyanese dollar from other dollar currencies. The dollar is divided into 100 cents in the currency standard, although everyday cash amounts are generally quoted in whole dollars. The country qualifier is important whenever the dollar sign appears without a code.
- ISO code
- GYD
- Symbol
- $
- Region
- Americas
- Currency type
- Fiat currency
- Exchange system
- Market-based exchange-rate framework
- Last reviewed
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Quick facts
GYD at a glance
Currency profile
How GYD works
The Guyanese dollar is Guyana's official monetary unit and the currency used for domestic prices, wages and public accounts. The Bank of Guyana is responsible for the currency and publishes information on notes, coins and the national payment environment. GYD is the ISO code used in international data systems, helping distinguish the Guyanese dollar from other dollar currencies. The dollar is divided into 100 cents in the currency standard, although everyday cash amounts are generally quoted in whole dollars. The country qualifier is important whenever the dollar sign appears without a code.
Bank of Guyana administers GYD within a market-based exchange-rate framework system.
- The Guyana dollar was introduced as Guyana's national currency in 1966.
- The reviewed cash profile records GYD 20, GYD 50, GYD 100, GYD 500, GYD 1,000, GYD 2,000 for banknotes and the officially documented circulation coin series for coins.
Context
Why this currency matters
Guyana's modern currency history includes the replacement of the British Guiana dollar by the Guyana dollar after independence. The Bank of Guyana's issue and circulation information provides the institutional context for current banknotes and coins. GYD is not maintained at the same fixed rate as several Caribbean dollar currencies; a reference value against USD or another currency should therefore be read with its publication date. For a traveler or business, comparing the dated GYD result with a card, bank or cash quote is more useful than relying on the dollar symbol alone.
Monetary framework
Exchange arrangement
Guyanese Dollar operates under the reviewed market-based exchange-rate framework arrangement.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for GYD
Bank of Guyana began note issue
The new central bank assumed national currency responsibilities before independence.
Bank of GuyanaIndependent monetary system
Guyana retained the dollar as the national unit after independence.
Bank of GuyanaModern cash series expanded
Guyana introduced revised notes and coins suited to the contemporary denomination structure.
Bank of Guyana
Usage and economy
How GYD is used
- GYD denominates wages, taxes, prices and financial accounts throughout Guyana.
- Energy, gold, agriculture and regional trade create comparisons with USD, TTD, SRD and BBD.
Banknotes and coins
GYD currency units
The issuing authority documents the reviewed GYD banknote denominations used in the current cash system.
The issuing authority documents the circulation coin system for GYD.
One Guyanese Dollar unit is recorded with 2 decimal places and uses Cent as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
GYD questions
Does GYD have a fixed US-dollar peg?
The Guyanese dollar is not represented here as a fixed US-dollar peg; use the dated provider rate for a current comparison.
Why is the country name needed with dollar?
Dollar is used by many currencies. GYD identifies Guyana's dollar precisely in payment records and exchange-rate tables.
What changed for GYD in 1965?
The new central bank assumed national currency responsibilities before independence.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.