Haiti’s central bank announced on Friday that money transfers to the country will be paid in local currency instead of U.S dollar. 

The move came as The bank of the Republic of Haiti said that the country was running low on its reserve of the dollar as the gourde has been devalued vis-à-vis the American currency.

Under the bank’s decree,  “banks and transfer houses are required to pay international transfers in foreign currency if the beneficiary receives the funds in his bank account (in US dollars) or in gourdes if the beneficiary requires payment at any service point (branch, agency, office, kiosk) in the national territory. And, payments in gourdes are made at the reference rate published by the BRH daily ”. Continue reading.

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