Reply to "Kazakh model for oil monies would be recipe for mischief -Tarron Khemraj"

MitwahSenior Member

Guyana’s share of the oil profits in the Federal Reserve Bank of New York does not constitute a NRF but the account is merely holding the oil revenues at almost zero percent yield.

"Zero percent yield" does not make economic sense. How will the funds grow? Inflation will erode its real value.

Could the GNI economic guru, Dr. K Wood explain the economic sense of having this money sitting without growing it?

7/26/214:56 PM

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