Banks in Haiti suspend operations amid mass protests

The Haitian banking industry association has announced that the country’s commercial banks would close from September 15 amid mass protests. The association said the closure was “for the sake of the security of employees”, according to reports in Haitian and Dominican media. A wave of demonstrations broke out in the country after the Haitian government announced an increase in fuel prices earlier in the week. The fuel protests are the latest public outcry amid deteriorating conditions.

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The Haitian Gourde is fixed to the Haitian Dollar at a rate of 5:1. This Exchange Rate is fixed forever.The Haitian Dollar could serve as a gateway for unbanked and under-banked individuals in Haiti to have access to electronic payment systems , financial products and services.

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