The Haitian Economy is in the hole, 75.25 Gourdes for one U.S. Dollar

The Haitian economic system is in a deep hole right now. Can we even speak of the economy in Haiti? These days you need more than 75 gourdes for one U.S. dollar. Some say it's more than that...

The Haitian Gourde vs The US Dollar

The same head of household in Haiti who was getting paid 20,000 gourdes per month years ago is still getting the same salary while his buying power has shrunk considerably.

It seems there is no more responses that the Haitian government can come up with due to the destabilization of the Haitian gourdes vs. the U.S. dollar, journalist Liliane Pierre Paul Charles said in one of his recent radio programs.

Related: Haiti's Economic System - Flow of Income is FLAT, not Circular

The deficit in Haiti in the billions of gourdes, she said and the government doesn't seem to see a way out of it.

Where is the Haitian economy going from this point?

What do you think?

Also read: Haiti Money - What Can You do with $25.00 US in Haiti These Days? Read This...

Write a comment  (2)

Tags: Haitian Newsletter Articles, Business, Money and Finance

You might also like

• Haiti: ONE Police for every 700 People!
• Affaire PetroCaribe: Have the petrochallengers lost control of the movement?
• Montreal Canada: Street protest against the deportation of Haitians

Return to Articles List

All Comments (2)