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Bank of the Republic of Haiti

{{Short description|Central Bank of Haiti}}

{{Infobox Central bank

| bank_name_in_local = Banque de la République d'Haïti
Bank Repiblik Ayiti (ht)

| name = Bank of the Republic of Haiti

| logo = Bank of the Republic of Haiti logo.png

| logo_size = 175px

| image = Banco central Haiti.jpg

| ownership = 100% state ownership{{cite web |last1=Weidner |first1=Jan |title=The Organisation and Structure of Central Banks |url=https://d-nb.info/1138787981/34 |website=Katalog der Deutschen Nationalbibliothek|year=2017|format=PDF}}

| reserves = 1 820 million USD

| headquarters = Port-au-Prince, Haiti

| established = 17 August 1979

| president = Ronald Gabriel

| leader_title = Governor

| bank_of = Haiti

| currency = Haitian gourde

| currency_iso = HTG

| preceded = National Bank of the Republic of Haiti

| website = {{URL|https://www.brh.ht/|brh.ht}}

}}

The Bank of the Republic of Haiti ({{langx|fr|Banque de la République d'Haïti}}, abbreviated BRH) is the central bank of Haiti. It was formed in 1979 from the National Bank of the Republic of Haiti ({{langx|fr|link=no|Banque Nationale de la République d'Haïti}}), which had served as the country's bank of issue since 1910, itself succeeding the National Bank of Haiti.

The bank is active in promoting financial inclusion policy and is a member institution of the [http://www.afi-global.org Alliance for Financial Inclusion]. It recently announced a Maya Declaration Commitment to continue with the modernization of the payment system, and submit legislation to regulate and supervise micro finance institutions to relevant authorities in 2013.{{cite web |url=http://www.afi-global.org//library/publications/maya-declaration-commitment-made-banque-de-la-republique-dhaiti |title=Maya Declaration: Commitment made by the Banque de la République d'Haiti | AFI Global | Bringing smart policies to life |publisher=AFI Global |date=2013-10-18 |access-date=2013-10-30 |archive-url=https://web.archive.org/web/20131101045908/http://www.afi-global.org//library/publications/maya-declaration-commitment-made-banque-de-la-republique-dhaiti |archive-date=2013-11-01 |url-status=dead }}

The central bank in Port-au-Prince was stormed during the Haitian riots of 2024. The attack was driven back by the bank's security guards leaving 3 people killed.{{cite web |url=https://www.barrons.com/news/three-assailants-killed-in-haiti-bank-attack-employee-says-05e69ebc |title=Three Assailants killed in Haiti Bank Attack, Employee Says {{!}} Barron's |publisher=Barron's |date=2024-03-19 |access-date=2024-03-20}}

Background

File:National Bank of Haiti, Port-au-Prince.jpg

File:55 Chateaudun.jpg

The oldest reference to a bank in Haiti can be attributed to a short correspondence exchanged during September 1825 between a foreign tradesman, Nicholas Kane, the Secretary of State Balthazar Inginac about a proposal made by George Clark in the name of a German group, Hermann Hendrick and Co., to establish a bank in Haiti. However, the proposal was never accepted, and Hermann Hendrick and Co. was never established.

A Haitian law of 1880 allowed for a currency issuance concession to be granted to a privileged bank, and the National Bank of Haiti was subsequently established in Paris in early 1881 by the French bank Crédit Industriel et Commercial. In October 1910, the issuance concession was transferred to a new bank, the National Bank of the Republic of Haiti (BNRH) formed by a consortium of French, German and American interests. The National City Bank of New York took over the BNRH following the United States occupation of Haiti,{{citation |title=The National City Bank of New York and Haiti, 1909 – 1922 |author=Peter James Hudson |journal=Radical History Review |date=2013 |publisher=Duke University Press |pages=91–114 |url=https://projects.iq.harvard.edu/files/glb_cap_crbn_prsm/files/hudson_rhr_national_city_haiti.pdf?m=1458224302}} and gained full ownership in 1919. In 1935, the Haitian government acquired the BNRH from National City Bank.{{cite web |website=Haiti: An Island Luminous |url=http://islandluminous.fiu.edu/part07-slide12.html |title=National City Bank in Haiti |author=Michael L. Krenn}} In 1979, BNRH was split into two financial institutions: the {{ill|Banque nationale de crédit|fr}} (BNC), a commercial bank, and the Bank of the Republic of Haiti.

Governors

See also

{{Portal|Banks}}

References

{{Reflist}}

External links

  • [https://www.brh.ht/ Official site of Bank of the Republic of Haiti] {{in lang|fr}}

{{Haiti topics}}

{{Central banks}}

{{Authority control}}

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{{DEFAULTSORT:Bank of the Republic of Haiti}}

Category:Banks of Haiti

Haiti

Category:Economy of Haiti

Category:1979 establishments in Haiti

Category:Banks established in 1979