Currency Bill –
Country of Origin: Guyana
Amount: 1 Dollar
A Little History of Guyana in 1992….
I’m not sure how many of you have heard about Guyana, but I know that I have limited knowledge about this country. When I first picked up this currency bill, I wasn’t sure whether Guyana was in South Africa, South America, or near Europe, but the bill was so crisp and neat, I decided it would be a nice addition to my collection.
To give you a little background information about Guyana, it is indeed located in the northeastern part of South America. The country borders Venezuela and Suriname as well as the tip of Brazil. Guyana has a long history of having slavery and indentured servants resulting in the high population of East Indians and Africans in the country today. Guyana, like many other resourceful countries, did not escape the eyes of the world dominant powers in the 1800s. The British took control of Guyana from 1815 – 1966 in which sugar plantation provided a significant incentive for the British. After receiving independence from Britain in 1966, the country have been mainly following the path of socialist ideologies to govern the people. It wasn’t until the year of 1992 when Cheddi Jagan became President of Guyana through a fair and free election. His wife took over the presidency when he died 5 years after the election. Cheddi Jagan was a major figure that led Guyana into independence and was a person that most people turned to as a leader when the economic collapse had cause many families to panic in the 1990s. During his years of presidency, he continued to hold firm ideological support for Marxism, he was open to and recognized the need of foreign investors and limited free market establishments. The election of Cheddi Jagan was under high scrutiny and opposition by the U.S. but by the end of the Cold War, the Clinton administration maintained a cordial relationship with Cheddi Jagan.
In case you were curious, the reverse side of the currency bill features a picture of Black Bush Polder on the left hand side and Rice Harvesting on the right hand side. I was curious to what Black Bush Polder (BBP) meant and searched it up. It turns out that it is a farming community in Guyana of approximately 5,000 people. If you would like to read more about it, you can click here.