Currency: The Haitian currency (gourdes) is being abused by the U.S. Dollar

Currency: The Haitian currency (gourdes) is being abused by the U.S. Dollar

There is no other way to put it... With over 140 Haitian gourdes for one U.S. dollar, this is abuse. But whose fault it is?

Right before the fall of the Duvallier Regime in Haiti, the Haitian currency was 5 gourdes for one US dollar. 30+ years later, the US currency is almost twenty times more.

Sadly, Haitian authorities have nothing to say about this!

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There's a big problem happening in Haiti right now. People have no idea how much the going rate is for a US dollar. When you send money transfers in Haiti right now people receive it at about 135 gourdes for 1 US dollar. In the streets the US dollar is worth more and it fluctuates everyday.

Read: What the hell is happening to the Haiti currency exchange rates these days?

Many Haitians living in Haiti are shocked when they realize there is less money transfers coming from the Diaspora than before. Some, if not most, in Haiti rely heavily on diaspora Haitians sending remittances back home. With less money coming in now to spend in a country where prices seem to be going up every time the US dollar sneezes, it means more problems.

Read: When the Haitian Diaspora is broke, it effects on the Haitian Economy

Read more about haiti currency, Money, Newsletter, Haitian Gourdes, The Haitian Dollar, Currency Exchange, Haiti Photo Stories

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All Comments (4)

Simpson St Fort says...

Everyone is pointing fingers at every body and nobody is doing a thing while the people in Haiti are being deprived of basic necessities.

Somebody is responsible but no one is willing to admit it.
HE WHO HAS THE GOLD MAKES THE

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Simpson St Fort says...

The world is changing drastically and the pendulum is swinging on the other direction.

Haïtiens need to start using Russians and Chinese money very soon so the same thing that is happening to Venezuela doesn't happen to them. The US was the only country who invaded Haiti after its independence.

If Haïtiens do not wake up and realize that the US was among the last countries to recognize their independence and their sovereignty and most importantly what FDR said to do to them as the first Black Country to use weapons to gain their independence they will never amount to anything.

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Patrick Princivil says...

SÉ DONALD TRUMP AK GOUVÈNMAN L LA KI KENBÉ TI ÉSKLAV JOVENEL MOISE NAN POUVWA AYISYEN AN. PRAN TRANZISYON AN KOUNYÉ A, PRAN TRANZISYON AN APRÈ 5 ANS JOVENEL LA: SÉ NAN TRANZISYON AYITI PWALÉ, KIYÈS KI PWAL NAN ÉLÉKSYON AK BANDI LÉGAL TÈT KALÉ YO?

KÉ SANG PÈP LA TONBÈ SOU DO

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Oli Levi says...

All currencies are being abused by the dollar, 1 US dollar = 132 Jamaican dollar, what's your

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