Cuban shoppers helping to keep Guyana’s economy afloat – Demerara Waves

Cuban shoppers helping to keep Guyana’s economy afloat – Demerara Waves

October 27, 2016  Comments

These Cuban women are seen at the Cheddi Jagan International Airport with a large quantity of items she purchased from stores in Georgetown.

Cuban women at the Cheddi Jagan International Airport with a large quantity of items they purchased in Georgetown.

The steady flow of nearly 1,000 Cubans coming to Guyana every week to shop mainly clothing is being widely hailed as good for this South American country’s economy at a time when there is much talk about sluggishness and over-reliance on gold to prop up revenues.

While cambio (foreign exchange) dealers experience mixed fortunes as far as how much United States dollars the Cubans change, one of them says the Spanish-speakers are helping to keep many businesses in Guyana afloat.

Some estimates are that they will account for almost GYD$400 million annually in the purchase of goods alone.     

This is according to one cambio dealer from a popular cambio on Regent St., could be good for Guyana’s economy. Speaking with Demerara Waves Online News, the dealer stated that the Cubans are “helping out a lot of businesses here”. He revealed that, “it’s about 200 and something Cubans on each flight…nearly a 1000 people coming a week from Cuba…so you could understand the amount of money that’s coming in. And they are buying from all the businesses and so on…if it weren’t for the Cubans, the businesses would have been very slow, I don’t know what would’ve happened here.” This dealer was of the view that if the number of Cubans in Guyana were to dwindle, Guyana would be in a bad shape.   [Read more]

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Comments

  • Rosaliene Bacchus  On October 30, 2016 at 1:33 pm

    This is an amazing development that brought tears to my eyes. The people of Guyana now has a chance to give back to the Cuban people what we have received from them over the years. The interdependence of peoples and nations.

    • Thinker  On October 30, 2016 at 2:33 pm

      A good start would be to provide some sort of protection for the shoppers. It is in the self-interest of the Guyanese too.

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