Opening value of the dollar in Haiti this June 19 from USD to HTG

Opening value of the dollar in Haiti this June 19 from USD to HTG
Opening value of the dollar in Haiti this June 19 from USD to HTG

The issuance of the gourde is regulated by the Central Bank. (Infobae)

After opening the American dollar is listed today at 132.18 gourdes on averagewhich represented a change of 0.37% compared to the previous day’s figure, when it ended with 131.69 gourdes.

In relation to the last week, the American dollar notes a drop in 0.1%% and in interannual terms it still maintains a decrease in 1.83%.

With respect to previous days, add two successive sessions in positive digits. In the last week the volatility is 4.8%, which is a figure clearly lower than the annual volatility figure (7.52%), so we can say that it is going through a period of greater stability in recent days.

The gourde (translated as “fat”) is the official currency in Haiti. and it is abbreviated as HGT, it is also divided into 100 cents and its printing is regulated by the Bank of the Republic of Haiti.

Although its name comes from French, its origin refers to the Spanish currency called “gordos”; Some citizens also call it “goud”, to sound similar to the English word “mood”.

Introduced in 1813 in replacement of the old poundcurrently you can find 5, 10, 20, 50 centimes, as well as 1 and 10 gourdes, however, the 5, 10 and 20 centime coins do not maintain regular use, so their use is a minority.

As for the banknotes, there are 10, 20, 25, 50, 100, 250 and 1000 gourdes. One Haitian gourde is currently equivalent to 0.0097 units of the US dollar, as well as 0.0085 units of the euro.

Throughout its history, the gourde has had three emissions, the last in 1872, which is the one currently used. In 1912 the currency was pegged to the American dollarbut in 1989 it was decoupled, despite the fact that there are currently places where citizens prefer to use the Haitian dollar, followed by the US dollar, the second most accepted currency.

For the Haitian banknotes, images of historical figures have been chosen, such as that of Marché Valliéres, a famous pedestrian market, as well as Catherine Flonwho is a symbol of the Haitian revolution, was the woman who sewed the first Haitian flag in 1803. The coat of arms appears on the back of all coins.

Demand for the currency is low outside the country, since Haiti has a fragile economy, since it is not an exporting nation and fully depends on agronomy to survive. In addition, its annual budget is 20 percent financed by foreign aid.

These conditions have forced Haiti to become the poorest country in Latin America and the Caribbean (with a rate of 60%); It also has one of the highest income inequality percentages in the world and 44% of its population suffers from acute food insecurity.

Likewise, in recent years Haiti has been marked by political instability and the great natural disasters, since only in 2021 did its citizens experience the assassination of their president, Jovenel Moïse, and a few weeks later a 7.2 magnitude earthquake, which left more than 2,200 dead and damage that still remains. They have not been able to recover.

 
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