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Haiti - Economy : The electronic check clearing finally a reality 06/07/2013 09:29:23 "As part of the modernization of the payment system, the Bank of the Republic of Haiti (BRH) has developed an electronic system that allows from July 1, 2013 the compensation in two days across the country, whenever the checks meet the new standards of standardization (standardized checks). Checks that do not meet the new standards of standardization (non-standardized checks) will continue to be compensated in accordance with previous delay, ie five days in Port-au-Prince and ten days for the provinces. However, the latter will not be allowed for clearing from 1 September 2013. As of this date, these checks should have to be cleared at the drawee bank. Therefore, the BRH strongly encourages the public to demand as soon as possible the new checkbooks standardized to their bank branch so they can fully enjoy all the benefits of the new compensation system. BRH is committed to continue to improve the effectiveness and greater efficiency of the payment system." SL/ HaitiLibre
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