Reply to "Rice exports bags US$10M more in bumper first crop"

ronan posted:
 

so, where did you get your numbers from?

my reading of the literature informs that, outside the ACP/US preference arrangements, Guyana produced & sold sugar at a net foreign currency loss

i am also quite sure that you are quite aware that the $GY is not a reserve currency

There are no longer ACP preferential prices so all Guyana production is at a loss.  For every dollar earned in forex 2-3 dollars is spent to produce it.  Guysuco also owes many local suppliers.   I bet you that many no longer wish to provide goods/services or they demand cash upfront.

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