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Haiti - Economy : Soon the Treasury bills accessible to all
18/03/2019 09:37:30
Jean Baden Dubois, the Governor of the Bank of the Republic of Haiti (BRH) revealed that the Bank was working on the establishment of a financial market in Haiti "We will create a mandatory market that will be a secondary market on which any individual will have access to Treasury bills in the same way as commercial banks." Recalling that it is better to buy a treasury bill that provides an annual return between 12% and 12.5% than to leave money in the bank that offers an interest rate between 0.25% and 2%.
In addition, the BRH plans to allow companies to seek financing in this financial market stressing that it will be more advantageous for companies that currently have no alternative than to borrow from banks explaining "Companies could find people who are willing to take the risks with them. People could put their money in a company in order to make it bear fruit."
Eventually this financial market will be a place of issue and exchange including stocks and bonds. A market where will be quoted and will also exchange the financial securities by professional brokers.
TB/ HaitiLibre
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