Haiti currency drops to 86 gourdes against the dollar

Haiti currency drops to 86 gourdes against the dollar

Haiti’s currency exchange rate value fell to 86 gourdes against the American dollar on Tuesday.

The rate marks the gourde’s lowest value since September 2020, when it went through an intense depreciation phase. In the beginning of April, Haiti’s currency value was 80 gourdes against the dollar. 

The gourde’s value had reached 120 gourdes against the dollar in mid-August of last year and needed to be appreciated to 62 gourdes in October to repair the economy. At the time, some banks were applying their own rates to make higher profits off their clients, a central bank consultant said then. Source

The post Haiti currency drops to 86 gourdes against the dollar appeared first on The Haitian Times.