Haiti’s Central Bank’s Expenses On Moneymaking Grew By 722% In A Year

A young man purchasing goods. Photo taken by Georges H. Rouzier.

Haiti’s central bank (BRH)’s expenses on moneymaking grew from 4.14 billion gourdes on June 24, 2019, to 34.04 billion gourdes on June 30, 2020. This increase totals up to 722 percent. As some may think, this large growth wasn’t caused by the novel coronavirus because as of March 31, 2020, BRH’s expanses were already at 28.8 billion gourdes.

BRH’s monetary financing increased tremendously because the value of Haiti’s currency went down, hence it costs more now to make money.

Haiti’s minister of Economy and Finances Patrick Michel Boisvert said he wasn’t going to spend more than 30 billion gourdes on moneymaking, but as mentioned, as of June 30 the outcome was already up to 34.04 billion gourdes. Continue reading

Woman And Baby Killed In Gang Shooting

Members of 400 Mawozo gang opened fire at a minivan in Ganthier, Croix-des-Bouquets on Monday. Two people died, a woman, Benitha Gerville, and a four-month-old baby, Godson Joseph. Sources said that the baby wasn’t Gerville’s son, but the son of another woman who was shot but survived.

The bus driver and three passengers were left in fatal condition.

An eight-month-old baby was also killed during a gang shooting in mid-July. Pierre Esperance, the National Network Defense of Human Rights’ (RNDDH by its French acronym) director called on the police to track the shooters. Continue reading

Private Haitian And Dominican Representatives Discussed Smuggling And Covid-19 Issues

Private Haitian and Dominican representatives met virtually on Wednesday to talk about how they can better fight against the illegal transportation of substances from one country to another and secure the frontier. They also touched on formalizing trades and Covid-19 related issues.

This meeting was organized by the United States’ government. It was the fourth one they held since June 2019.

“The discussion was heavily focused on how important it is for the two countries to be more transparent, safer, fight to eliminate smuggling and formalizing trades between the Haitian and the Dominican frontier,” a note published by the American embassy based in Haiti said. Continue reading

Email me at onz@haitiantimes.com
Onz Chery is a Haiti correspondent for The Haitian Times. Chery started his journalism career as a City College of New York student with The Campus. He later wrote for First Touch, local soccer leagues in New York and Elite Sports New York before joining The Haitian Times in 2019.

Leave a comment

Leave a Reply