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Closing value of the euro in Haiti this December 12 from EUR to HTG

To buy euros it is necessary to first know the sale price.  (Infobae)
To buy euros it is necessary to first know the sale price. (Infobae)

In the last session the euro was negotiated at closing to 152.01 gourdes on averagewhich represented a change of 0.03% compared to the figure of the previous day, when it traded at 152.06 gourdes on average.

Taking into account the last seven days, the euro marks an increase in 2.01%so that in year-on-year terms it still maintains a rise in 33.94%.

In relation to past days, it turned around the result of the previous day when it experienced an increase of 0.17%, without being able to establish a defined trend in recent days. In reference to the volatility of the last week, it was notoriously lower than that accumulated in the last year, which shows that in this last phase there are fewer alterations than what the general trend indicates.

Haitian currency

The gourde (translated as “fat”) is the official currency in Haiti and it is abbreviated as HGT, it is also divided into 100 cents and its circulation is regulated by the Bank of the Republic of Haiti.

Although its name comes from French, its origin refers to the Spanish currency called “gordos”; some citizens also call it “goud”, to make it sound similar to the English word “mood”.

Created in 1813 in replacement of the old poundcurrently you can find 5, 10, 20, 50 cents, as well as 1 and 10 gourdes, however, the 5, 10 and 20 cent coins are not regularly used, so their use is minority.

As for the bills, you can find 10, 20, 25, 50, 100, 250 and 1000 gourdes. One Haitian gourde is currently equal to 0.0097 units of the US dollar, as well as 0.0085 units of the euro.

Throughout its history, the gourde has had three issues, the last in 1872, which is the one currently used. In 1912 the currency was pegged to the American dollarbut in 1989 it was disassociated, despite the fact that there are currently places where citizens prefer the use of the Haitian dollar, followed by the US dollar, the second most accepted currency.

It should be noted that the demand for the currency is low outside the country, since Haiti is a country with a fragile economy, it is not an exporting nation and fully depends on agronomy to survive. In addition, its annual budget is financed by foreign aid by 20 percent.

On the other hand, for the Haitian banknotes, images of historical figures have been chosen, such as that of the Marché Valliéres, a famous pedestrian market, as well as Catherine Flonwhich is a symbol of the Haitian revolution, was the woman who sewed the first Haitian flag in 1803. The coat of arms appears on the reverse of all coins.

In economic matters, the Economic Commission for Latin America and the Caribbean (Cepal) has indicated that Haiti, together with countries such as Suriname and Venezuela, are experiencing a chronic inflationaggravated in part by the SARS-CoV-2, COVID-19 pandemic.

In addition, in the last year, the country has also had to face political destabilization after the assassination of President Jovenel Moise, the wave of violence, and a major earthquake that occurred in April 2021.

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