The Haitian Dollar, Then and Now - How the US dollar affects the Haitian economy
When I was a child growing up in Haiti back in the 80's the monthly budget of the house was 600 Haitian gourdes. Back in those days, you needed 5 gourdes for one US dollar. So, the house budget was 120 dollars US.
These days, you need 63 gourdes for one US dollar. Therefore, in order to operate the same household with the same budget, my mother would need, $120 US X 63 = 7,560 gourdes.
Do you understand it now? My mom's 600 gourdes from the year 1984 had the same buying power as your 7,560 gourdes that you have in your pocket right now.
So the way I'm thinking about it. The cost of living didn't really go up in Haiti.
What do you think about that?
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