Money : The Haitian Gourdes has lost nearly one third of its value since the summer

The Haitian currency, the gourde, has lost its value a great deal lately compared to the U.S. dollar and other currencies, and prices are soaring in a country where people barely have the means to survive.

The Haitian Gourde vs The US Dollar
The Haitian Gourde vs The US Dollar

That devaluation of the Haitian currency has had a devastating impact in Haiti, a country that imports four times more than it exports, a foreign journalist recently wote in an article published AFP.

Haitian economist Kesner Pharel explained in the article that Haitian parents are now stuck between a hammer and a hard place. Many parents are trying choose between sending their children to school or putting food on the table. This is a hard reality to admit but the man is telling the truth.

Nowadays, you need almost 80 Haitian gourdes for one U.S. dollar. Imagine a school teacher getting a paycheck that was already not enough but now he has to purchase one third less with the same money because, as you can guess it, the raises do not come as fast as the money loosing its value. Everything is going up fast and the monthly income stays exactly the same.

What's a Haitian to do in a situation like this?

What do you think about that?

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All Comments (1)

Haiti Nouvelles says...

Men Nouvel...

Zafè Lajan: Gourde la pèdi un tier de valè ke l te genyen nan mwa ki sot pase la yo. Ti chèk travay la rete menmman parèyman, epi tout bagay monte vap!!! Ki lote sa

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