haiti currency

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.

It seems that everyone is setting their own rates when buying and selling the US dollar in Haiti as we speak.

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Haitians have long feared that one day you will need 100 gourdes for one U.S. dollar. Back in April 2020, Haitian newspaper Le Nouveliste reported that the fear became a reality. As of early April 2020 you needed 100 Haitian gourdes for one U.S. dollar. It's gotten worse since.

The Haitian currency rose as high 160 gourdes for one US dollar in early 2023.

Also read: 75 Gourdes for One US Dollar, When did it Happen?

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In mid November, 2018, The US dollar skyrocketed in Haiti. As of November 16 2018, you needed 75 Haitian gourdes for one US dollar in Haiti.

What did that mean for a Haitian employee getting paid 25,000 gourdes per month?

Divide 25,000 gourdes by 75 and you get $333.33 U.S. per month.

In a country where everything is sold "au taux du jour," (at the daily rate of the U.S. dollar) what is a head of household to do with a 25,000 gourdes salary?

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The value of the Haitian currency is getting closer and closer to 100 gourdes for one US dollar. On Monday it was being exchanged at 95 gourdes for one US dollar.

This depreciation of the Haitian currency is worrying a lot of people in the country as things get more and more expensive because we are buying everything "au taut du jour".

Everything in Haiti is prorated based on the value of the US dollar. The dollar goes up so does everything the people consume

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In June 2015 Haitians were shocked when the Haitian currency rised above 50 gourdes for 1 U.S. dollar. One million gourdes was worth about USD $19,801. What if you put one million Haitian gourdes in the bank back in June 2015, how much would it be worth today, June 2019, in U.S. dollars?

Let's take a look...

1 million gourdes divided by 93.50 equals... Drum roll please!!!

Ten thousand six hundred and ninety five dollar US ($10,695)

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Can you believe this? Most of the US Dollars coming into Haiti are leaving the country through the Dominican Republic. 80 percent of all U.S. dollars exchanged in the city of Hinche Haiti goes to the Dominican Republic. I just heard this most shocking news from someone who is in the business of exchanging currency in the Centre Department of Haiti.

I was so surprised when the man told me that I asked him:

Are you talking about the 80% of the money that YOU exchange or are you talking about the city's entire currency exchange market in general?

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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 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.

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When I look at the Haitian currency, it says "GOURDE", but since returning to Haiti I notice that Haitians refuse to talk count money in gourdes... Everything is DOLA... DOLA... Mezanmi... Haitien fè dola?

There is a teenager in the house. every time I want to buy something, he always tells me how much it cost in DOLA... Not GOUD...

I ask him: "Konbyen kòb yo vann ti bwat lè la?"

"Kat dola... (4 dollars / 20 gourdes)"

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Back in March 2018 the Haitian government made the decision that all commercial transactions across the country were to be made exclusively in gourdes, the Haitian currency, buying or selling. But today, the government is curbing that decision a little bit.

Government officials believe this decision has only increased the pressure on the US dollar and reduced the value of the Haitian gourde even more.

"We realized that the decree, instead of providing solutions, leads to expectations that have an impact on the cost of living," said Guichard Doré, special adviser to Haitian President Jovenel Moise.

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Nowadays, if you have 100 dollars US in Haiti, you will receive 7,025 Haitian Gourdes in exchange. Some people say it will go up even higher in the days to come.

If you live in Haiti and you need $100 US you will need more than that to buy it.

I don't know what you can do with $100 US in the Haitian diaspora in the United States but in Haiti, 7,025 gourdes can do a lot of things if you are a poor person living a simple life.

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