Gourde
Gourde The gourde is the official currency of Haiti. It is abbreviated as G and is subdivided into 100 centimes. The currency code for the gourde is HTG. The name "gourde" is derived from the French word for "gourd," a type of squash, which was historically used as a unit of measure.
History[edit | edit source]
The gourde was first introduced in 1813, replacing the Haitian livre at a rate of 1 gourde = 8 livres and 5 sous. The first gourde was pegged to the French franc. In 1870, the second gourde was introduced, and it was pegged to the United States dollar at a rate of 5 gourdes = 1 dollar. The third gourde was introduced in 1912, and it was pegged to the dollar at a rate of 5 gourdes = 1 dollar until 1989, when the peg was removed.
Coins[edit | edit source]
The first coins were issued in 1827 in denominations of 6, 12, and 25 centimes, and 1 and 2 gourdes. Over the years, various denominations have been introduced and withdrawn. Currently, coins in circulation include 5, 10, 20, and 50 centimes, and 1 and 5 gourdes.
Banknotes[edit | edit source]
The first banknotes were issued in 1875 by the National Bank of Haiti. Today, the Bank of the Republic of Haiti (BRH) is responsible for issuing banknotes. Current denominations include 10, 25, 50, 100, 250, 500, and 1000 gourdes.
Economy[edit | edit source]
The gourde plays a crucial role in the economy of Haiti. It is used for all transactions within the country, although the US dollar is also widely accepted. The value of the gourde has been subject to significant fluctuations due to economic instability and inflation.
Related Pages[edit | edit source]
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