Emerging Markets Rates and Currencies Handbook

Haiti (HTG - Haitian Gourde) Citi in Haiti Citi Haiti, established in 1971, is a fully owned branch of Citibank N.A., New York. For more than 42 years, Citi Haiti has been providing professional, innovative and high- quality financial services to its corporate clients and is the only non-local bank in the country. Citi Haiti offers key banking services, such as Trade Finance, Liquidity Management, Domestic and International Account Structures, CitiDirect BE and FX Management. Part of our team is based in Dominican Republic, and the majority is based in our key branch in Port-au-Prince. Citi Haiti contributes to the community of the island country by sponsoring local projects that aim to provide health care, develop computer literacy, improve quality of life for low-income families and provide post natural disaster efforts. Market Overview The local FX market is regulated by the Central Bank of Haiti (BRH) and they implement a managed float regime. There is an active spot market that trades between USD6MM and USD12MM on a daily basis. As the country is net importer, the market usually exhibits some limitations regarding USD availability, which is compensated with some seasonality throughout the month. Convertibility The Haitian gourde is freely convertible even though the market usually exhibits low USD availability. Interest Rate There is currently no rates market in Haiti. 221