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The designs for Guyana’s $5,000 bill have already been produced giving a clear awareness of what the notes would look like. A question of timing when the bills would be introduced is up to Cabinet.This is according to Cabinet Secretary, Dr. Roger Luncheon, during a brief interview with this publication.Dr. Luncheon said because of the volume of transactions Guyana is involved in, having such a high note in circulation is needed.“What administration is probably looking at is the volume of economic activities… no use you are having a $5,000 bill in an economy in a size that doesn’t sustain it…Our economy does,” he declared.Dr. Luncheon first announced the introduction of the $5,000 note last year following a recommendation from the Central Bank, when the economy was booming. However,Cheap Jerseys From China, this year, one commercial bank announced that the economy had slowed and pointed to the drop in gold prices on the world market and cuts to the National Budget.According to Dr. Luncheon, “Had it not been for the budget cuts, we would have been spending over $200B in the economy this year. You have to have the size of the economy to sustain the range in the denomination of Bills, both at the top and at the bottom. The distribution and the denomination are important”.He highlighted as another important aspect of having a large note, the saving in the investment of time on counting large sums and storage. In addition, having a new note in circulation would avoid criminal exploiting weaknesses.“That’s why we turn to the external De La Rue – mostly as the Caribbean market and Latin America – and they do quite a bit of their production of currency notes for the developing world and in the English-speaking Caribbean, and that of course has a lot to do with security and the difficulties in counterfeiting the money.”The Cabinet Secretary emphasized that these are all issues Government has to address. He said every now and again Cabinet is informed of where Guyana is “with the different strands of influential thinking into the decision-making and when they converge they say let’s go ahead”.Dr. Luncheon had said the $5,000 bill would be the fifth currency note in circulation, joining the $20, $100, $500 and the $1,000 notes. According to him, all the other notes will remain in circulation.