Governor Ronald Gabriel Reports on Central Bank Projects

Evaluation of Circular 114, the establishment of a bond market, discussions with the Professional Association of Banks (APB) to improve customer service and enhance service quality, and consumer protection are among the key projects currently being undertaken by the Bank of the Republic of Haiti (BRH). These initiatives were announced by Governor Ronald Gabriel during a press conference held on Thursday, September 18, 2024, in Delmas.

“We introduced Circular 114 into the economy for reasons known to all. It regulates how people should make payments for transfers through banks, money transfer services, and sub-agents. We are currently evaluating Circular 114 to identify discrepancies and understand where there are gaps in relation to the original objectives and provisions,” explained Ronald Gabriel. He further indicated that the central bank is likely heading towards amending Circular 114.

It appears that despite several modifications, Circular 114 st

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