The Central Bank has recommended the introduction of a $5,Danny DeKeyser Red Wings Jersey,000 note and the government has agreed.Head of the Presidential Secretariat Dr Roger Luncheon made the announcement yesterday at his weekly post-Cabinet news briefing.He said that this would be the fifth currency note in circulation,Alexander Semin Canadiens Jersey, joining the $20,Eddie Giacomin Rangers Jersey, $100,Jeff Zatkoff Penguins Jersey, $500 and the $1,000 notes. All the other notes will remain in circulation,Matt Niskanen Capitals Jersey, according to Dr Luncheon.He said that the $1,Adam Graves Rangers Jersey,000 note was produced in 1996. Over the years there has been inflation which at today’s stage would necessitate the larger denomination.Dr Luncheon insisted that the recommendation of the Bank of Guyana was not a response to inflation and would not lead to an exacerbation of inflation.The inflation rate last year was 3.3 percent. Minister of Finance,Mike Gartner Rangers Jersey, Dr Ashni Singh, in his 2012 Budget Speech, explained that this was because of government’s interventions to lower the taxes charged on fuel products and to provide financial support to the Guyana Power and Light Company to avoid full pass through of imported fuel price movement.The inflation rate is targeted at 4.6 percent in 2012,Howie Morenz Canadiens Jersey, primarily as a result of the increase in global oil prices due to continued tensions in key oil producing areas,James Patrick Rangers Jersey, and notwithstanding the government’s commitment to intervene as necessary to mute the effects of full pass through of global oil price movements to the domestic market.Dr Luncheon said that the Central Bank can and should make public the “persuasive” documentation that it provided to Cabinet. The Central Bank has not issued a statement.