COMMERCIAL Banks in Guyana have not yet placed any of the recently introduced $5,000 notes into their Automated Teller Machines (ATMs) and it will take some time before the notes are added to the other denominations at these machines.

The Guyana Chronicle has been informed that before the notes are placed into the ATMs, these machines will have to be reconfigured to be able to hold and issue the notes.
One bank employee who is very familiar with the operations of the ATMs stated that there are several issues that need to be taken into consideration before the notes can be added to the machines. The source related that one of the most important considerations is that the machine must issue only notes or amounts of cash which are required by card holders.
It was pointed out that once the machines are not properly reconfigured, the machine could possibly issue card holders with more cash than they request. The machine also has to cater for persons who usually go to banks and take out small amounts.
Meanwhile, the circulation of the $5,000 note has created a stir on the local market. It has seen mixed reactions with a few businesses and public transportation operatives refusing to accept the note as legal tender for goods and services.
While some are unmindful of dealing with the new note, others have already begun collecting the highest legal tender note in the land.
Signs have already been posted in some minibuses and in several shops advising customers that the $5,000 note will not be accepted and goods and services will be withheld.
Some persons have also been tendering the new $5,000 note at business places and in public transport for small items and short drops respectively, which can be frustrating. (Leroy Smith)