DEFINITION of 'HTG (Haitian Gourde)'

The currency abbreviation or currency symbol for the Haitian gourde (HTG), the currency for Haiti. The Haitian gourde is made up of 100 centimes and is often represented with the symbol G. Despite changes in currency valuation, five gourdes is still sometimes referred to as a "Haitian dollar", and prices are often quoted in this informal denomination.

BREAKING DOWN 'HTG (Haitian Gourde)'

The Haitian gourde was first seen in 1813 and has evolved in three phases. The gourde was revalued in 1870 and again in 1872. The gourde was pegged to the franc in 1881 and the dollar in 1912. This link was discontinued in 1989 and the gourde is now a floating currency. Gourdes are now issued in denominations of 10, 25, 50, 100, 250, 500 and 1000.

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