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U.S. Dollar scarcity in Haiti

By: Agent-x - December 12 2011, 1:21 AM

Who is playing on the US dollar scarcity key board in Haiti?

We need the name of person/institution of interests and the suspects.

We may start with the usual suspects hoping they will denounce themselves if they are guilty or lead us to the unknown new suspects.

This will be a win-win investigation.

There are at least nine main speculations or guesses to the current U.S. dollar scarcity in Haiti since November 2011.

1-There is an unexplained increase in export of goods from the Dominican Republic to Haiti during the last six months that jump from six million [6 M] to eighteen million [18 M] US dollar a month.

Currency experts said there is no tangent proof in circulation of such transaction in the economy.

This is an unprecedented trend in the trade history of between Haiti and Dominican Republic.

The cross-border imports of the country are estimated at around 1.2 billion U.S. dollars.

About half of these imports are carried out in the form of cash to buy goods from several Haitian shopkeepers.

Federal Reserve was in Haiti last week investigating the US $ scarcity crisis.

2-At least 8000 Haitian students in the Dominican Republic are receiving dollars in cash from their parents in Haiti.

3-international aid has helped to substantially increase the demand for greenbacks in the Haitian economy.

"Recently, the deposits in dollars rose. But in most cases, these deposits were made by non-governmental organizations and international institutions which have been credited the account from abroad.

4-request cash now reaches about 300 million U.S. dollars while the banks have not previously been supplied accordingly.

5-the OHR was forced to import several new dollar bills to its correspondent banks abroad.

But these foreign banks are very reluctant to issue such large amounts of dollars, especially since they often fail to understand why the Haitian economy uses all cash.

6-Possible money laundering on a grand scale was suggested.

However Agent-X does not have the picture of any new Laundromat in Haiti.

If such Laundromat exists our investigator will try to trace those that recently bought huge quantity of bleach or Clorox.

However if they use

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Comments 1 - 10 of 19

Jean Heraux says...

Supply and Demand. It is just adjusting to international demand for competition. The GOURDE will go down dramatically and bring Haiti to the realities of Free Trade. more »

Brian Andrew says...

"Agent-X", Computer systems decoding deciphering for the purpose of stealing credit card and email information is a serious offense. Identity theft is a serious charge. Do you know how much jail time you are facing? We have our eyes on you. You wo more »

Jean Pierre Alexandre says...

Benardette,yes roads are very important,year ago one of my friend trucks almost sank into a river bed full of mud in the remote area of Hinche loaded with merchandise en route to the Capital. Benardette,only five miles from Croix-Des-Bourquets i can more »

Bernadette says...

Don't you ever threatened me again, unless you are ready to put your threat to use. Understood? Unlike you, SATAN, am trying to do some good. You LIKE to destroy. Unlike you, I have back up, and YOU KNOW IT. Don't threaten me, I might take you ser more »

Message 3610-54 says...

Warning: Do not play with cryptography on the internet. Cryptography is defined as ammunition in the US military sphere.Therefore,you are playing with fire. No Comment. more »

Bernadette says...

yes Jean Pierre Agriculture and good roads to bring the goods to the market are the key to bring back the Haitian economy. more »

Bernadette says...

Toulimen, I am not quite sure that you are agreeing with the right person. To start with, I don't do generalized blanket statement like "Haitians are lazy". That statement is too broad with no real definitions. I believe that I have enough compa more »

Jean Pierre Alexandre says...

Toulimen,by jumping into this discussion makes me realize more facts,real facts. Our leaders are not focusing to the priorities. May God have mercy on Haiti. Thanks more »

Jean Pierre Alexandre says...

Joubert,next time if they call you again;tell them strait forward how you feel about the situation. No money can buy you if you heart desire good for your country. Believe me,the key to bring back Haiti from this mess is agriculture. I don't care more »

Jean Pierre Alexandre says...

Benardette,i am glad for your answer; Haitians are well know in DR for their hard labor works in plantation also in constructions"today one Dominican told me,if you want your house built with precision, call the Haitians". As for that generation more »

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