Here is a picture of Haiti Central Bank Governor, Mr. Charles Castel. He is not concerned Gourde is losing Value.
Charles Castel, Bank of the Republic of Haiti Governor, is responding to worries the Haitian gourde is losing value too quickly. According to him, "There is a gross reserve of $2 billion (US), and $1.2 billion net ". in the state's reserve"
He reports "indicators are not too alarming (but also) . . . we cannot be complacent to say everything is fine . . ." Is this reassuring to Haitians withdrawing money and sending it overseas?
Despite recent news that the value of the Haitian gourde was depreciating at a rapid rate, Governor of the Central Bank, Charles Castel, remains convinced that the dollar will not touch 50 gourdes by the end of 2014, though the month is still young, and the dollar is already at 47 gourdes. His reason for thinking this is that December and the season represent a time when foreign remittances will be high. Apart from certain steps being taken by the bank to stop the process, the call has gone out for a ramp up in the production of local goods to reduce the import bill.
Here is a picture of Haiti currency, specifically Gourde and dollar.
The first Haitian money which is the gourde started in circulation 1813, some 10 years after its independence. It replaced a previous currency called the livre. The Haitian Gourde was valued at the time at 8 livres.
The way your family use to receive money from you will likely be changed. According to information received, in 2012 all money transfer agencies will be required to pay only in Gourde. The Haitian government has decided to take chage of its finance and one of its objectives is to promote the haitian gourde
This is a picture of haiti currency.
The first reevaluation of the Haitian currency was conducted in 1870. The Haitian gourde was revalued based on the market at the time. Ten gourdes were reevaluated and valued at one gourde. The notes were in denominations of 10 and 25 gourdes.