Notice to Financial Institutions on Foreign-Currency Accounts, Consumer Loans in Gourdes and Transfers
- Transactions on foreign-currency accounts remain unchanged.
- Deposit remuneration and withdrawals on a foreign-currency account must be made in the currency of the account.
- Consumer loans must keep being granted in gourdes under letter-circular No. 11 of July 1, 2015.
- Transfer recipients continue to choose between dollars and gourdes under letter-circular No. 08 of June 9, 2011.
The notice, signed by Governor Jean Baden Dubois, lists four reminders. Transactions on foreign-currency accounts remain unchanged under article 2 of the decree of January 18, 1990, which repealed the decree of July 7, 1989 on foreign currency, and interest on deposits and withdrawals must be made in the currency of the account under the decree of September 29, 1989. Interest and fees on any credit are charged according to the loan contracts. Institutions must keep making consumer loans in gourdes under letter-circular No. 11 of July 1, 2015. Recipients of transfers continue to receive their funds in dollars or gourdes as they wish under letter-circular No. 08 of June 9, 2011, and exchange operations are carried out by authorized institutions under the laws in force.
How to cite
Bank of the Republic of Haiti (BRH), 2018, Notice to Financial Institutions on Foreign-Currency Accounts, Consumer Loans in Gourdes and Transfers, https://www.brh.ht/wp-content/uploads/avis_sur_comptes_transfert_dollars.pdf
- Rights holder
- Banque de la République d'Haïti (BRH)