Haiti’s currency value increased significantly. Photo by Georges H. Rouzier

One American dollar went from being equivalent to 120 gourdes in August to 60 gourdes when exchanged outside of banks and 67.50 gourdes in the banking system, according to the Republic of Haiti Bank (BRH). 

BRH Consultant Eddy Labossiere said the goal is to have one American dollar equal to 25 gourdes. 

On a related note, the price of some products remains the same or increased. Therefore, the people from overseas who support relatives or friends in Haiti have had to increase the amount of money they spend, according to Le Nouvelliste. Source

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.

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