The Bank of Guyana’s latest Statement of Assets and Liabilities are out and it shows that the bank’s total assets are on a slide, with several indices ranging from the bank’s gold holdings to its market securities showing reductions when compared to previous years. The statement was only recently released.
According to the bank document, its total assets as of March 28, 2018, were $206.4 billion. This includes $1.9 billion in gold reserves, $82.1 billion in capital market securities and $5.6 billion in money market securities.
This is a reduction from the gold reserves the bank recorded in June 2017. According to the bank’s Half Year report last year, it had $4.8 billion worth of gold in its foreign holdings as assets.
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