Legislation on Banks and Financial Institutions, 1985
- The law of August 17, 1979 replaced the Banque Nationale de la République d'Haïti with two autonomous institutions, the BRH and the Banque Nationale de Crédit.
- The decree of November 14, 1980 regulates the operation of banks and banking activity in the territory of the Republic.
- The law of August 24, 1983 authorized the BRH to raise the ceiling on national currency issue up to 950 million gourdes.
- The decree of January 31, 1984 defines the constitution of required reserves of commercial banks.
- The decree of December 1, 1976 set the interest rate on agricultural credit at 9 percent a year.
The introduction signed by the Director General, Jean-Claude Sanon, explains that the growth of economic activity from the 1970s required matching legislation on banks and non-monetary financial intermediaries, and that the BRH compiled the measures in force to inform readers and to show the orientation of the monetary authorities. The chapters list and reproduce the instruments for the Banque Nationale de la République d'Haïti, which the law of August 17, 1979 split into the Banque de la République d'Haïti and the Banque Nationale de Crédit, and for the central bank, the Industrial Development Fund and the Banque Populaire Haïtienne.
Further chapters cover the Bureau de Crédit Agricole, the Banque Nationale de Développement Agricole et Industriel and the Société d'Équipement National, savings and housing banks, the old-age insurance office and its savings and loan counter, and a savings and credit company. Instruments include the decree of November 14, 1980 regulating banking activity, the decree of January 31, 1984 on reserve requirements of commercial banks and the decree of April 3, 1984 on foreign-exchange operations. Annexes give the organizational structure of the BRH and its note issue.
How to cite
Bank of the Republic of Haiti (BRH), Legislation on Banks and Financial Institutions, 1985, accessed via HaitiDocs, https://www.haitidocs.org/doc/brh-1985-legislation-banques-institutions-financieres
- Rights holder
- Banque de la République d'Haïti (BRH)