75 Gourdes for One US Dollar, When did it Happen?
In mid November, 2018, The US dollar skyrocketed in Haiti. As of November 16 2018, you needed 75 Haitian gourdes for one US dollar in Haiti.
The Haitian Gourde vs The US Dollar
What did that mean for a Haitian employee getting paid 25,000 gourdes per month?
Divide 25,000 gourdes by 75 and you get $333.33 U.S. per month.
In a country where everything is sold "au taux du jour," (at the daily rate of the U.S. dollar) what is a head of household to do with a 25,000 gourdes salary?
Once upon a time, that same 25,000 salary was worth 5,000 US dollars.
That was in the early 1980's when it was inscribed on the Haitian currency, 5 gourdes for one U.S. Dollar.
That was the time when the Haitian Gourdes was king. Well... Kind of
You might also like
- Haiti Money: The government is slowly going back on decision prohibiting circulation of other currencies in the country
- Haitian-Japanese Naomi Osaka become Adidas' highest-paid female endorser ever
- The Haitian Economy is in the hole, 75.25 Gourdes for one U.S. Dollar
All Comments (1)
B says...
Pou sa rive fau nou travay act prodiu, nou importe tout bagay nou pa exporte
Hot Haiti Topics
Haiti Photo Stories
New Haiti Topics
Leave a Reply
Name (required) E-mail (required, will not be published)Subject: 75 Gourdes for One US Dollar, When did it Happen? edit
» »