BRH Haiti Bank
A view of the exterior of the Bank of the Republic of Haiti (BRH) in an undated photo. Photo credit: Loop Haiti
Outside shot of the Bank of the Republic of Haiti. Photo credit: Loop Haiti

The Bank of the Republic of Haiti (BRH) said it injected an additional $15 million into the foreign exchange market to stabilize the economy.

“This amount is distributed and sold on the market according to the conditions set by the central bank,” BRH tweeted on Monday.

The new amount follows two earlier injections of $12 million each in October and November. Economists have said the economy needs repairing because some banks weren’t following the exchange rate policies. As a result, the value of the gourde depreciated to 120 G per U.S. dollar in mid-August. A dollar is equivalent to 63 G as of Nov. 10. Source

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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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