Foreign Currency Accounts

Demerara Bank offers the following Foreign Currency Accounts:

 

Non Resident Foreign Currency Account

We offer this account in four major currencies USD, GBP, CAD & EUR.

The account can be maintained by:

  1.    A citizen of Guyana residing permanently outside of Guyana;
  2.    A citizen of Guyana who is an employee of a diplomatic mission or international organisation;
  3.    A citizen of another country who is temporarily residing in Guyana and will remain for more than one year; or
  4.    A citizen of another country living in Guyana as an employee of a diplomatic mission or international organisation.

The interest rate for this account is 0.75% per annum paid monthly in any of the listed currencies. No cash is allowed for deposits.

Please contact our nearest branch for more information.

 

Foreign Currency Retention accounts

We offer this account in four major currencies USD, GBP, CAD & EUR.

The account can be maintained by:

  1.    Bona fide exporters who require imported inputs for production or with external loan obligations;
  2.    Certain service providers, including travel agents, hotels, shipping agents and airlines; or
  3.    Large importers of essential goods and services;

NB. These accounts are subject to approval from the Minister of Finance.

The interest rate for this account is 0.75% per annum paid monthly in any of the listed currencies.

Please contact our nearest branch for more information.