That's called shooting yourself in the foot. Clearly there is...

Gerry Marshall - October 30 2018, 4:28 PM

That's called shooting yourself in the foot. Clearly there is a disconnect between the basic understanding of economics by the central bank of Haiti and the economics of capital flow into the country.

I'm sure that part of this measure has to do with capital flow out of other countries into haiti.

Someone is concern that too much capital will drive inflation.

This in a country that needs vast amounts of capital infusion, just to get on an even keel. It's rediculous to think that an account at a bank should somehow be tied to a residential address and proof of residence.

If the central bank was smart about it, they would accept the international address and charge the bank a fee on international owned accounts when they are opened, and a small fee on ever transaction in that account.

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