How Do You Spell GUYANA DOLLAR?

Pronunciation: [ɡa͡ɪˈɑːnə dˈɒlə] (IPA)

The currency of Guyana is called the Guyana Dollar. The spelling of this word in IPA phonetic transcription is ɡaɪˈænə ˈdɒlə. The word "Guyana" is pronounced with a hard "g" sound, like "guy" or "gal". The word "dollar" is pronounced with two syllables, with emphasis on the first syllable. This word can be spelled in different ways depending on the country's official language. In Guyana, the word is spelled as "dollars", while in America, it is spelled as "dollars".

GUYANA DOLLAR Meaning and Definition

1. The Guyana Dollar is the national currency of Guyana, a country located on the northern coast of South America. It is the sole legal tender in the nation and is abbreviated as GYD. The currency is issued and regulated by the Bank of Guyana, which monitors its circulation and manages its supply within the country.

   The Guyana Dollar is subdivided into 100 cents, but due to inflationary pressures, cent coins are no longer in common use. The currency is available in both coins and banknotes, with denominations ranging from $20 to $10,000. The coins are available in various denominations, such as $1, $5, and $10, while the banknotes are issued in $20, $50, $100, $500, $1,000, $5,000, and $10,000 denominations.

   The Guyana Dollar is primarily used for daily transactions within the country, including buying goods and services, paying bills, and conducting financial transactions. The currency's value is determined by exchange rates against other major global currencies, such as the US Dollar. These rates can fluctuate based on market conditions and economic factors.

   Guyana has a mixed economy with sectors including agriculture, mining, and industries such as manufacturing and services. The Guyana Dollar plays a crucial role in facilitating domestic economic activities and maintaining the financial stability of the country.

Common Misspellings for GUYANA DOLLAR

• fuyana dollar
• vuyana dollar
• buyana dollar
• huyana dollar
• yuyana dollar
• tuyana dollar
• gyyana dollar
• ghyana dollar
• gjyana dollar
• giyana dollar
• g8yana dollar
• g7yana dollar
• gutana dollar
• gugana dollar
• guhana dollar
• guuana dollar
• gu7ana dollar
• gu6ana dollar
• guyzna dollar

Etymology of GUYANA DOLLAR

The word "Guyana" is derived from the indigenous Arawak word "Guiana", which means "land of many waters". The term was first used by European explorers to describe the region's abundant rivers and waterways.

The word "dollar" has its origins in the Germanic term "thaler", which referred to a large silver coin used in Europe during the 16th century. The thaler eventually became known as the "daler" in Dutch and "dollar" in English. Over time, various countries adopted their own versions of the dollar as their currency.

As Guyana was a former British colony, it used the British pound as its currency until its independence. In 1965, Guyana introduced its own currency, the Guyanese dollar, which replaced the British pound.