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Reply to "Making sense of the Exchange Rate Depreciation-Tarron Khemraj."

Bibi Haniffa posted:

Money made in the underground economy does not end up in the central bank.  It's the amount of hard currency owned by the Bank of Guyana that determines the valuation of the Guyana currency.  This essay is worse than useless.

underground activity is eventually laundered and enters into the open economy. That is what money laundering is about. Yes those mysterious towers in G/T like the one that UG refused to utilize.

There are a number of reasons why the economy has slowed and Jagdeo's friends running terrified of Clive Thomas is one of them.  That is why Jagdeo squeals and wails "black man a kill ahbe".  He didn't give the slightest when his own PPP supporters began to flee to Barbados around 2000 because they couldn't in a living.

FM
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