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Haiti - Economy : Scarcity of the dollar, 4 measures announced
14/12/2011 07:07:42

Haiti - Economy : Scarcity of the dollar, 4 measures announced
Yesterday André Lemercier Georges, the Minister of Economy and Finance and the Governor of the BRH, Charles Castel were received by the Commission Finance of Senate of the Republic for nearly 4 hours, after the presentation of the causes and occasional causes justifying the scarcity of the dollar in the country, after evaluating the consequences of this scarcity on the market and the national economy, 4 major decisions have been announced to correct this situation.

The senator Jocelerme Privert President of the Commission Finance and Budget gives more explanation "...the first decision, we said that the measure that the governor has taken to require that the law is respected in terms of payment of transfers from abroad in domestic currency, this measure must be done gradually to allow operators who act in this sector, either to change of activity or there is new opportunities created for them.

The second measure we considered, there are concerns on the part of some senators in relation to certain expenses they attribute to the Governor of the Central Bank, there have been requests for documents to justify them, it was much more concern than real facts The Governor made ​​a commitment to communicate to Parliament the documents that justify the expenditure of the Central Bank [...]

The third commitment that the financial and monetary authorities have taken before the Senate is that there is a law that sets the limit on dollar transactions in the country, and we believe that in all the measures taken is the law that must be respected, there is no law authorizing the cash withdrawal limit to $500, he law sets the maximum to $10,000 the maximum that a person can deposit in cash and the maximum that a person can withdraw in cash will be instructed...

The fourth major decision we taken ​​is that the Constitution states that the gourd is the national currency, it requires that all the transactions that are made in the country be made ​​in national currency we ask to the political authorities, namely, that the Minister of Finance, the Minister of Commerce, the Governor of the Central Bank remind to everybody in the country that school, rents, transactions in the markets, shops must be paid in gourd, and that the citizen has the right to pay in national currency..."

See also :
https://www.haitilibre.com/en/news-4412-haiti-economy-artificial-shortage-of-the-dollar-the-brh-convene-the-apb.html
https://www.haitilibre.com/article-4400-haiti-economie-pas-de-rarete-de-dollars-en-haiti-mais.html (in french)

HL/ HaitiLibre

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