Bank of the Republic of Haiti

The Bank of the Republic of Haiti (Haitian Creole: Bank Repiblik Dayiti, French: Banque de la République d'Haïti; BRH) is the central bank of Haiti. It was formed in 1979 from the National Bank of the Republic of Haiti (French: 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.

Bank Repiblik Ayiti
Banque de la République d'Haïti
HeadquartersPort-au-Prince, Haiti
Established17 August 1979
Ownership100% state ownership[1]
GovernorJean Baden Dubois
Central bank ofHaiti
CurrencyHaitian gourde
HTG (ISO 4217)
Reserves1 820 million USD[1]
Preceded byNational Bank of the Republic of Haiti
Websitewww.brh.ht

The bank is active in promoting financial inclusion policy and is a member institution of the 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.[2]

Background
National Bank of Haiti, 1907
Former headquarters of the BNRH in the 1910s at 55, rue de Chateaudun in Paris

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,[3] and gained full ownership in 1919. In 1935, the Haitian government acquired the BNRH from National City Bank.[4] In 1979, BNRH was split into two financial institutions: the Banque nationale de crédit (BNC), a commercial bank, and the Bank of the Republic of Haiti.

Governors
  • Antonio André, September 1979 - July 1980
  • Gérard Martineau, July 1980 - February 1982
  • Marcel Léger, February 1982 - July 1982
  • Antonio André, July 1982 - April 1983
  • Allan Nolté, April 1983 - June 1985
  • Jean Claude Sanon, June 1985 - February 1986
  • Onill Millet, February 1986 - June 1988
  • Hubert Cameau, administrator, June 1988 - August 1988
  • Joseph Lagroue, director, August 1988 - September 1988
  • Ernest Ricot, September 1988 - June 1989
  • Jacques Vilgrain, June 1989 - March 1990
  • Serge Pothel, March 1990 - August 1990
  • Charles Beaulieu, August 1990 - April 1991
  • Roger Pérodin, April 1991 - December 1991[5]
  • Bonivert Claude, December 1991 - October 1994
  • Roger Pérodin, October 1994 - December 1994
  • Leslie Delatour, December 1994 - February 1998
  • Fritz Jean, February 1998 - August 2001
  • Venel Joseph, August 2001 - April 2004
  • Raymond Magloire, April 2004 - September 2007
  • Charles Castel, September 2007 - December 2015
  • Jean Baden Dubois, December 2015 -

Source: [6]

See also

References
  1. Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. "Maya Declaration: Commitment made by the Banque de la République d'Haiti | AFI Global | Bringing smart policies to life". AFI Global. 2013-10-18. Archived from the original on 2013-11-01. Retrieved 2013-10-30.
  3. Peter James Hudson (2013), "The National City Bank of New York and Haiti, 1909 – 1922" (PDF), Radical History Review, Duke University Press: 91–114
  4. Michael L. Krenn. "National City Bank in Haiti". Haiti: An Island Luminous.
  5. Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. Sept 1991. 2003 – via HathiTrust.
  6. "Banque de la République d'Haïti". www.brh.ht.

18°32′54″N 72°20′45″W

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