money

To create interest among old and new customers, Digicel has decided to transform its TchoTcho service into Mon Cash.

Digicel's Tcho-Tcho has been re-branded as Mon Cash. For subscribers no standard bank account is necessary to use Mon Cash. The updated version includes more functionality with an expanded network of authorized agents. Account types offered include mini and comprehensive portfolios and a regular account.

The new version is focusing on intra-Haiti money transfers. Digicel boasts Mon Cash ". . . the safest, most convenient, fastest and . . . economical to send and receive money . . ." in Haiti.

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Natcom has decided to get into the game of Lajan Cash. The trade name of the Mobile Banking launched through the use of cell phone as electronic wallet.

On Monday, June 1, 2015, the Haitian Prime Minister Evans Paul took part at the launching ceremony of 'Lajan Cash" held in the Natcom auditorium. "Lajan Cash" is a form of electronic wallet, now available on the Natcom network. With the introduction of this new opportunity, the Natcom cell phone users can use their mobile phones to electronic payment solutions, and this became possible with the result a of partnership between Natcom and the Banque Nationale de Credit (BNC). The Natcom subscribers can spend and transfer money with speed and confidence. Evans Paul, as the Head of Government welcomed the new product and hoped this would be more accessible to all people in the country including those in rural areas in near future.

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It was not long that you needed 40 Haitian gourde to get one U.S. dollar. This is expected to increase even more.

The exchange rate for the Haitian Gourde per U.S. Dollar had remained unchanged at 47.20 between May 2014 and April 2015. The same currency exchange rate was averaged at 31.89 to a U.S. Dollar from 1994 until 2015 with a maximum of 50.00 (in February 2003) and a minimum of 14.85 (in August 1996). However, over dependence on import from countries like, the Dominican Republic and United States have resulted excessive outflow of foreign currency reserve, because the exporters of foreign countries accept payment only in their own currency or currency of their choice. Inflow of foreign currency in a country is mainly generated through its exports. Unfortunately, the imports in Haiti have always overshadowed Haitian exports. As a result, higher demand for U.S Dollar than its supply will eventually push its price higher. In consequence, the current exchange rate 48.75 gourdes for a dollar may soon surpass 50.00. If that happens, that would be the steepest devaluation of the Haitian gourde in past 15 years. To some extent, unstable economical and political situations, dysfunctional Parliament are also some of its contributing factors.

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Here is a picture describing the involvement of the international community in Haiti Election

Although, the Provisional Electoral Council (CEP) is working actively, but it is yet to announce the exact election budget. However, Pierre-Louis Opont, the President of the CEP is of opinion that it could be somewhere between $50 to $60 million-- the most expensive election ever made in Haiti. The CEP has identified the fund needed and it is up to the Haitian State to decide and make necessary arrangement for the same. The Electoral Council is not empowered to determine the cost of the election. However, Pierre-Louis Opont believes that the government should make the decided amount public in the coming days. As per the statement of Sophie de Caen, the Nouvelliste UNDP director in Haiti, the commitment of international donors for the realization of election is little more than $38 million. At the moment 37.9 million dollars have already been confirmed in the following manner: Haitian government $13.8 million, European Union $6.8 million, U.S $6.5 million, Canada $5.3 million, Japan $4.5 million and Brazil $1.00 million. Whatever is the final amount, as per the agreement with the Haitian State, United Nations Development Program (UNDP) would manage the fund.

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These Haitian bank notes were created in commemoration of the 250th Anniversary of Port-Au-Prince and President Florvil Hyppolite

Born as Louis Mondestin Florvil Hyppolite, he was a black man of the elite class who was chosen by the Constituent Assembly of Haiti, on a meeting in Gonaives on October 9, 1889, to be the nation's president, a title he would hold for a period of seven years. The decision was made following Hyppolite's clash with the then president, François Denys Legitime, who Hyppolite would overthrow. Within that war it is said Legitime had the backing of France and the British, while Hyppolite had tried to secure that of America by guaranteeing the US a Haitian region named Mole Saint Nicolas. From the deal, Hyppolite would receive aid and additional security.

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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.

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Here is a picture of the former Haitian President Jean-Claude Duvalier in a 5 Gourdes

Jean-Claude Duvalier was the president of Haiti for 15 years, from 1971 to 1986. He succeeded his father Francois Duvalier who died in office in 1971

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Here is a picture of a haitian currency. The picture inside is of the Haitian hero, Toussaint Louverture. He was the leader of the Haitian Revolution, a military genious who prepared the way for the creation of of the first independent black nation in America

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Here is a picture of huge amount of cash found in a room. This amount of money are usually found due to drug activities where the owner or ownerd are not able to deposit the cash in a normal bank.

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Here is a picture of a Haitian money. The picture in the bill is of former Haitian dictator Francois Duvalier. He was fresident of haiti from 1957 until his death in 1971. He was replaced by is son Jean-Claude Duvalier

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