Bank of the Republic of Haiti

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Bank of the Republic of Haiti
Banque de la République d'Haïti
Banque de la République d'Haïti Logo.png
Headquarters Haiti Port-au-Prince, Haiti
Established August 17, 1979
Governor Charles Castel
Central bank of Haiti
Currency Haitian gourde
HTG (ISO 4217)
Website www.brh.net

The Bank of the Republic of Haiti (French: Banque de la République d'Haïti, (BRH) is the central bank of Haiti.

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.[1]

History[edit]

The Bank of the Republic of Haiti was founded after the independence of Haiti from France. 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.

In October 1910, a concession was granted to a consortium of French, German and American businessmen for the creation of a new bank: the National Bank of the Republic of Haiti (French: Banque Nationale de la République d'Haïti (BNRH)). In 1979, BNRH was split into two financial institutions: the National Bank of Credit (French: Banque Nationale de Crédit (BNC)), a commercial bank, and BRH.

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Coordinates: 18°32′54″N 72°20′45″W / 18.54833°N 72.34583°W / 18.54833; -72.34583