Yes, US dollars are accepted in Guyana, particularly for larger transactions within the capital city.
While the official currency of Guyana is the Guyanese Dollar (GYD), American dollars are widely recognized and often used for more substantial purchases or services, especially in Georgetown. This acceptance can be beneficial for travelers, but it's crucial to understand the nuances of currency use throughout the country.
Key Currency Information
Here’s a quick overview of currency essentials for visitors to Guyana:
| Aspect | Detail |
|---|---|
| Local Currency | Guyanese Dollar (GYD) |
| USD Acceptance | Accepted, primarily for larger transactions in the capital |
| Payment Method | Cash is generally preferred |
| ATM Access | ATMs are scarce, especially outside of Georgetown |
Practical Tips for Managing Money in Guyana
To ensure a smooth financial experience during your trip, consider these practical insights:
- Carry Local Currency: Always have a supply of Guyanese Dollars (GYD) for everyday expenses like small purchases, local transportation, and smaller eateries outside the capital.
- Use USD for Larger Payments: For significant transactions such as hotel stays, tour packages, or larger purchases in Georgetown, US dollars are readily accepted and can be convenient.
- Prioritize Cash: Unlike many Western countries, credit card acceptance is not widespread. Cash is the preferred method of payment for most transactions across Guyana.
- Plan for Cash Withdrawals: Due to the scarcity of ATMs, particularly in rural areas, it's advisable to withdraw sufficient cash (both GYD and USD, if possible) in major cities like Georgetown before venturing to more remote regions.
- Exchange Rates: Be mindful of exchange rates when paying with USD, as local vendors may offer less favorable rates than official currency exchange bureaus. It's often best to exchange money at banks or official cambios.
