Haitian gourde

The gourde (French: [ɡuʁd]) or goud (Haitian Creole: [ɡud]) is the currency of Haiti. Its ISO 4217 code is HTG and it is divided into 100 centimes (French) or santim (Creole).

Haitian gourde
gourde haïtienne  (French)
goud ayisyen  (Haitian Creole)
ISO 4217
CodeHTG
Denominations
Superunit
5Dollar ($)
Subunit
5/100Penny (p)
1/100Centime (¢)
SymbolG
Banknotes
Freq. usedG10, G25, G50, G100, G250, G500
Rarely usedG1, G2, G5, G20, G1,000
Coins5¢, 10¢, 20¢, 50¢, G1, G5
Demographics
User(s) Haiti
Issuance
Central bankBanque de la République d'Haïti
Websitewww.brh.ht
Valuation
Inflation22.8%
SourceThe Global Economy, 2020
Republique d'Haïti, 10 Gourdes (1827).

The word "gourde" is a French cognate for the Spanish term "gordo", from the "pesos gordos" (also known in English as "hard" pieces of eight, and in French as "piastres fortes espagnoles") in which colonial-era contracts within the Spanish sphere of influence were often denominated.[1]

First gourde, 1813-1870

The first gourde was introduced in 1813 and replaced the livre at a rate of G1 = 8 livres and 5 sous.

Coins

The first issues of coins were silver pieces of 6, 12, and 25 centimes. In 1827, 50¢ and 100¢ coins were introduced, followed by 1¢ and 2¢ in 1828. In 1846 and 1850, 6¼¢ coins were issued as well as 6¢ coins. In 1863, bronze coins, produced by the Heaton mint of Birmingham, were issued. These were in denominations of 5¢, 10¢ and 20¢ and were the last coins of the first gourde.

Banknotes

The governments of Haiti issued paper money in denominations of G1, G2, G5, G10, G20, G25, G50, G100, G500, and G1,000.

Second gourde, 1870-1872

In 1870 the gourde was revalued at a rate of ten to one. Only banknotes were issued for this second gourde, with the government issuing notes of G10 and G25.

Third gourde, 1872-

In 1872, the gourde was again revalued, this time at a rate of three hundred to one. In the early years of this third gourde, only banknotes were being issued and the name piastre was sometimes used instead of gourde, especially on a banknote issue dated 1875. In 1881, the gourde was linked to the French franc at 5F = G1 and coin production recommenced.

The peg to the franc did not last, however. In 1912, the gourde was pegged to the US dollar at a value of G5 to US$1 - although this peg was also abandoned in 1989, and the currency now floats. Due to the old link, G5 is often referred to as a "Haitian dollar" and 5¢ is called a "Haitian penny". Indeed, in many places, prices are given not in gourdes, but rather in "Haitian dollars", which must be multiplied by five to convert to gourdes.

Coins

10 centimes 1949
Dumarsais Estimé Coat of arms

The 1881 issue of coins consisted of denominations of 1¢, 2¢, 10¢, 20¢, and 50¢ and G1. 5¢ coins were added in 1889. Production of the 1¢ and 2¢ and G1 pieces ceased in the mid-1890s, whilst coin production ceased entirely from 1908 until 1949, when 5¢ and 10¢ coins were again minted. These were followed by 20¢ pieces in 1956, 50¢ in 1972 and G1 and G5 in 1995.

Coins currently in circulation are:

  • 50¢
  • G1
  • G5

Banknotes

Banque nationale de la République d'Haïti, 1 Gourde (1916).

In 1875, banknotes were issued by the Banque nationale d'Haïti in denominations of 25¢, 1 and 5 piastres (equal to gourdes). Following this, banknotes were issued in denominations ranging from 10¢ to G5 by the various Haitian governments until 1916, when the Banque nationale de la République d'Haïti began issuing notes. In 1920, G1, G2, G5, G10 and G20 notes were issued, with G50 and G100 added in 1925. In the 1970s, G25, G250, and G500 notes were introduced. In 1979, the Banque de la République d'Haïti replaced the National Bank as the paper money issuing body. A 1000 gourdes note was introduced in 1999, to commemorate the 250th anniversary of the founding of Port-au-Prince. A G20 note was released into circulation in 2001, both as a commemorative (to celebrate the bicentennial of the Constitution of Toussaint L'Ouverture) and as a regular issue. In 2004, the Banque de la République d'Haïti issued a series of notes to commemorate the bicentennial of Haiti.

Banknotes currently in circulation are:

  • G10
  • G25
  • G50
  • G100
  • G250
  • G500
  • G1,000
Older series
ImageValueObverseReverseYear
G10 Catherine Flon Arcahaie sewing the first flag of Haiti (1803) Coat of arms of Haiti 2000
G20 François-Dominique Toussaint l'Ouverture Constitution of Haiti 2001
G25 The Palace of Justice in Port-au-Prince Coat of arms of Haiti 2000
G50 Lysius Félicité Salomon Jeune Coat of arms of Haiti 2000
G100 Henri Christophe (President of Northern Haiti, later King Henri I of Haiti) Coat of arms of Haiti 2000
G250 Jean-Jacques Dessalines (Emperor Jacques I of Haiti) Coat of arms of Haiti 2000
G500 Alexandre Sabès Pétion (President of Southern Haiti) Coat of arms of Haiti 2000
G1,000 President Florvil Hyppolite Marché Vallière 1999
Commemorative banknotes of the Haitian gourde
ImageValueObverseReverseAnotationsYear
G20 François-Dominique Toussaint Louverture Constitution of Haiti of 1801 Commemorative text on the watermark area of the note; gold foil strip on the right edge of the note; slightly curved serial numbers on either side of the front of the note 2001

Biccentenial of the Independence (1804-2004) series

Biccentenial of the Independence (1804-2004) currently in circulation
ImageValueObverseReverseYear
G10 (Dix Gourdes; Dis Goud) Sanité Belair (Attack and take of the Crête-à-Pierrot) Fort Cap Rouge (Jacmel) 2004
G25 (Vingt-Cinq Gourdes; Vennsenk Goud) General fr:Nicolas Geffrard (Governor of Southern Haiti) Des Platons fortress (Dussis) 2004
G50 (Cinquante Gourdes; Senkant Goud) François Cappoix Fort Jalousière (Marmelade) 2004
G100 (Cent Gourdes; San Goud) Henri Christophe (President of Northern Haiti, later King Henri I of Haiti) (Invasion of Cape Haitian by the French army) Henry Citadel (Milot) 2004
G250 (Deux Cent Cinquante gourdes; Desan Senkant Goud) Jean-Jacques Dessalines (Emperor Jacques I of Haiti) Fort Décidé (Marchand) 2004
G500 (Cinq Cent Gourdes; Senksan Goud) Alexandre Sabès Pétion (President of Southern Haiti) Fort Jacques (Fermathe) 2004
G1,000 President Florvil Hyppolite Marché Vallière 1999

Note: The G1, G2, G5, G20 notes are no longer produced and may no longer be in circulation.

Current HTG exchange rates
From Google Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD
From Yahoo! Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD
From XE.com: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD
From OANDA: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD


See also

References

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