Banking - Haiti Observer Blog

From 3rd January Payment By Credit Cards To Be Made In Gourdes In Haiti As Per The Bank Of The Republic Circular

The Bank of the Republic of Haiti sent out a circular to credit card companies and banks, late November informing them that all operations in Haiti territory paid by credit card will be in gourdes, exclusively, regardless of the place the credit card is issued. The circular has been issued in accordance with the 14th May 2012, Act, paragraph 5 of Article 83 of financial institutions and banks. Procedures for credit card billing transactions are determined by the circular. On 3rd January 2013, provisions of the circular will be enforced.

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An important case of a fraud in banking has taken place in Haiti. One of the biggest issues in Haiti is that for whatever crimes are committed, the concerned people are not held accountable. The same mistakes are being made over and over again.

Gerard Dumont Vanishes With Millions Of Dollars

The Allied Irish Banks were defrauded of $750 million by a trader based in Baltimore. There was also a particular Gerard Dumont who was the owner of a Mini Bank in Haiti. The bank was called Bureau de Change Gerard Dumont. In the late eighties, it closed down suddenly.

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