Information AboutGourde |
| CATEGORIES ABOUT HAITIAN GOURDE | |
| economy of haiti | |
| SHOPPER'S DELIGHT | |
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The first gourde was introduced in 1813. It replaced the Livre at a rate of 1 gourde = 8 livre 5 Sou s. In 1870 and again in 1872, the gourde was revalued, first at a rate of ten to one, then at a rate of three hundred to one. In this period, when only banknotes were being issued, the name '' Piastre '' was sometimes used instead of gourde, especially on a banknote issue dated 1875. In 1881, the gourde was linked to the French Franc at 5 francs = 1 gourde and coin production recommenced. The peg to the franc did not last but, in 1912, the gourde was pegged to the US Dollar at a value of 5 gourdes to the US dollar. Although this peg was abandoned in 1989 and the currency now floats, because of the old link, five gourdes is often referred to as a "Haitian dollar". Likewise, 5 centimes is a "Haitian penny". Indeed, in many places, prices are given not in gourdes, but rather in "Haitian dollars", which must be multiplied by five to convert to gourdes. As of July 2005 , there were around 40 gourdes to the US dollar, or 49 to the Euro . Coin s in circulation include ''centime'' (in French); ''santim'' (in Kreyol)
The majority of the coins used as of mid-2005 were the 50 centime, 1 gourde, and 5 gourde. Banknote s in circulation are ''gourde'' (in French); ''goud'' (in Kreyol)
The 1-, 2-, and 5-gourde bills are no longer produced, and may not be in circulation. CURRENT HTG EXCHANGE RATES | ||
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