Haitian Gourdes (HTG)

Haitian Gourde (HTG) is the official currency of Haiti. It is the national currency used for economic transactions in Haiti. The HTG is represented by the ISO 4217 code HTG.

The Haitian Gourde was introduced in 1813 after Haiti gained its independence. It was derived from the French Gourde, which was used during Haiti’s time as a French colony. The Gourde is subdivided into 100 centimes (cents), although centimes are not practically used.

The value of the Haitian Gourde fluctuates based on Haiti’s economic indicators and monetary policies. Factors such as exchange rates, inflation, economic growth, and other economic factors can influence the value of the HTG.

The Haitian Gourde is used both in cash transactions and in digital payment systems and bank accounts. There are different denominations of Haitian Gourde banknotes and coins in circulation in Haiti.

Due to Haiti being a low-income country, the value of the Haitian Gourde is generally lower compared to other international currencies. This can have implications for Haiti’s foreign trade, and exchange rate fluctuations can affect import and export costs.

In summary, the Haitian Gourde (HTG) is the official currency of Haiti. It is the national currency used for economic transactions in Haiti. The value of the HTG is influenced by Haiti’s economic factors and monetary policies. It is used in both cash transactions and digital payment systems. Haiti’s low-income status often results in the HTG having a lower value compared to other currencies.