XAF to HTG

XAF - Central African CFA Franc (FCFA)
HTG - Haitian Gourde (G)
1 XAF1 HTG

Currency conversion rates from XAF to HTG

XAFHTG
1 XAF1 HTG
5 XAF5 HTG
10 XAF10 HTG
20 XAF20 HTG
50 XAF50 HTG
100 XAF100 HTG
250 XAF250 HTG
500 XAF500 HTG
1000 XAF1000 HTG
2000 XAF2000 HTG
5000 XAF5000 HTG
10000 XAF10000 HTG
HTGXAF
1 HTG1 XAF
5 HTG5 XAF
10 HTG10 XAF
20 HTG20 XAF
50 HTG50 XAF
100 HTG100 XAF
250 HTG250 XAF
500 HTG500 XAF
1000 HTG1000 XAF
2000 HTG2000 XAF
5000 HTG5000 XAF
10000 HTG10000 XAF

HTG - Haitian Gourde (HTG)

Haitian Gourde

The Haitian Gourde is the official currency of Haiti, a French-speaking Caribbean country. It occupies the western, smaller portion of the island of Hispaniola, in the Greater Antillean archipelago, which it shares with the Dominican Republic. The governments of Haiti issued paper money in denominations of 1, 2, 5, 10, 20, 25, 50, 100 and 500 Haitian Gourde.

The Haitian Gourde is the currency in Haiti (HT, HTI). The symbol for HTG can be written G. The Haitian Gourde is divided into 100 centimes. The exchange rate for the Haitian Gourde was last updated on May 24, 2019 from Yahoo Finance. The HTG conversion factor has 4 significant digits.

Economy

  • Two-thirds of Haitians depend on the agricultural sector. Many engage in small-scale subsistence farming, and are vulnerable to losing their crops due to frequent natural disasters, exacerbated by the country's widespread deforestation.
  • Haiti is recovering from a massive earthquake in January 2010. Its purchasing power parity GDP fell 8% in 2010 (from $ 12.15 billion to $ 11.18 billion).
  • Comparisons of social and economic indicators show Haiti falling behind other low-income developing countries (particularly in the Western hemisphere). A 2011 estimate shows Haiti is in last place in the Americas, and 158th place out of 182 countries, in the United Nations Human Development Index (HDI), which ranks countries based on three human development categories (life expectancy at birth, years of schooling, income per capita).
  • The Haitian government relies on formal international economic assistance for fiscal sustainability. Over half of its annual budget comes from outside sources.
  • In 2005, Haiti's total external debt reached an estimated U.S. $ 1.3 billion, which corresponds to a U.S. debt per capita $169.
  • In September 2009, Haiti met the conditions set by the IMF and World Bank's Heavily Indebted Poor Countries (HIPC) Initiative, a program for poor countries to qualify for cancellation of foreign debt, and was forgiven $1 billion in debt.

History

  • The Haitian Gourde was first introduced in 1813 and replaced the Pound at a rate of 1 Gourde = 8 Pounds, 5 sous. The first issues of coins were silver pieces of 6 cents, 12 and 25.
  • In 1827, 50 and 100 cent coins were introduced, followed by 1 and 2 cent coins in 1828, 6 ¼ cent coins in 1846, and 6 cent coins in 1850.
  • In 1863, bronze coins, produced by the Heaton Mint in Birmingham, were issued, in denominations of 5, 10 and 20 cents.
  • In 1870 the Gourde was revalued at a rate of ten to one. Only banknotes were issued for this second Gourde, with the government issuing notes of 10 and 25 Haitian Gourde.
  • In 1872, the Haitian Gourde was revalued again, this time at a rate of 300 to 1. In the early years of the third Gourde, tickets were only issued and the name Piastre was sometimes used instead of Gourde, especially in an issue of notes dated 1875.
  • In 1881, the gourde was fixed to the French Franc at 5 Francs = 1 Gourde, and coins were produced again.
  • In 1979, the Bank of the Republic of Haiti replaced the National Bank as the paper money issuing body. 1,000 gourde notes were introduced in 2004.

More information about HTG - Haitian Gourde (HTG)


XAF - Central African CFA Franc (XAF)

Central African CFA Franc

The CFA Franc BEAC is pegged to the Euro at 1 Euro = 655.957 XAF. It is the currency for six independent states in central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon.

The Central African CFA is the currency in Cameroon (CM, CMR), Central African Republic (CF, CAF), Chad (TD, TCD), Congo (CG, COG), Equatorial Guinea (GQ, GNQ), and Gabon (GA, GAB). The Central African CFA is also known as Communaute Financiere Africaine BEAC Francs. The symbol for XAF can be written CFAF. The Central African CFA is divided into 100 centimes. The exchange rate for the Central African CFA was last updated on Today from The International Monetary Fund. The XAF conversion factor has 6 significant digits.

Economy

  • Cameroon is one of the most prosperous countries in Africa. The drop in commodity prices for its principal exports—petroleum, cocoa, coffee, and cotton—in the mid-1980s, combined with an overvalued currency and economic mismanagement, led to a decade-long recession. Real per-capita GDP fell by more than 60% from 1986 to 1994.
  • The Central African Republic (CAR) is classified as one of the world's least developed countries, with an estimated annual per capita income of $700 (2009).
  • Landlocked Chad's economic development suffers from its geographic remoteness, drought, lack of infrastructure, and political turmoil. About 85% of the population depends on agriculture, such as the herding of livestock.
  • The economy of the Republic of the Congo is a mixture of village agriculture and handicrafts, an industrial sector based largely on petroleum extraction, support services, and a government characterized by budget problems and overstaffing.
  • Equatorial Guinea‘s GDP has forestry, farming, and fishing as major components. Subsistence farming predominates. Although pre-independence Equatorial Guinea counted on cocoa production for hard currency earnings, the neglect of the rural economy under successive regimes has diminished the potential for agriculture-led growth.
  • Gabon depended on timber and manganese until oil was discovered offshore in the early 1970s. The oil sector now accounts for 50% of GDP and 80% of exports. Oil production is now declining from its peak of 370,000 barrels per day (59,000 m3/d) in 1997. The 1998 fall-off in oil prices had a negative impact on government revenues and the economy. Gabon public expenditures from the years of significant oil revenues were not spent well.

History

  • BEAC stands for Banque des Etats de l'Afrique Centrale.
  • The CFA Franc BEAC was introduced to the French colonies in Equatorial Africa in 1945, replacing the French Equatorial African Franc. The equatorial African colonies and territories using the CFA Franc BEAC were Chad, French Cameroun, French Congo, Gabon and Ubangi-Shari.
  • The currency continued in use when these colonies gained their independence. Equatorial Guinea, the only former Spanish colony in the zone, adopted the CFA Franc in 1984, replacing the Equatorial Guinean Ekwele at a rate of 1 Franc = 4 Bipkwele.
  • In 1948, coins were issued for use in all colonies (except French Cameroon) in denominations of 1 and 2 CFA Franc BEAC. This was the last minting of a 2-franc coin for nearly 50 years.
  • In 1958, 5-, 10- and 25-franc coins were minted (and used in French Cameroon). These coins bore the name of Cameroon, as well as the États de l'Afrique Equatorial.
  • In 1961, nickel 50-franc coins were introduced, followed by nickel 100-franc coins in 1966. Since 1971, 100-franc coins were issued by individual states. In 1976, cupro-nickel 500 francs coins were introduced.
  • Since 1985, coins have also been issued by individual states. That year also saw the introduction of 5-, 25-, 50- and 100-franc coins for use in Equatorial Guinea.
  • When the CFA Franc BEAC was introduced, notes issued by the Caisse Centrale de la France d'Outre-Mer ("Central Cashier of Overseas France") in denominations of 5, 10, 20, 100 and 1,000 Francs were in circulation. In 1947, a new series of notes was introduced for use in French Equatorial Africa, although the notes did not bear the name of the colonies. Notes were issued in denominations of 5, 10, 20, 50, 100 and 1,000 Francs, followed by those of 500 Francs in 1949, and 5,000 Francs in 1952.

More information about XAF - Central African CFA Franc (XAF)