Economic news

Thousands protest in Haiti over crime and inflation

2022.08.22 23:10

3/3
Thousands protest in Haiti over crime and inflation
FILE PHOTO: Police clear the street as demonstrators burned tires to protest ongoing fuel shortages even as Haiti’s main fuel terminal renewed deliveries that had been suspended due to an outbreak of gang violence, in Port-au-Prince, Haiti July 14, 2022.

2/3

By Harold Isaac

PORT-AU-PRINCE (Reuters) – Thousands of Haitians on Monday joined rallies around the Caribbean country to protest rampant crime and soaring consumer prices as its central bank reported that inflation had hit a 10-year high.

Protesters set up burning barricades in some areas including the capital of Port-au-Prince, some of whom said they were angry over the growing scarcity of gasoline and diesel that could force some businesses to close their doors.

Jean Baden Dubois, Haiti’s central bank governor, said the economy would likely contract by 0.4% this year, following a sharp depreciation of the gourde currency.

“If I take the numbers from June 2022, inflation has reached 29%,” Dubois said in a press conference, referring to annualized inflation. “It’s the highest rate we’ve had in 10 years.”

The demonstrations coincided with the anniversary of a 1791 slave uprising that triggered a long struggle for Haiti’s independence from France in 1804.

Demonstrators held rallies in cities including Cap-Haitien, Petit-Goave, and Jacmel, many wearing red shirts emblazoned with the word “endepandans” or “independence.”

Chronic gang violence has left much of the country’s territory out of control of government authorities, and outbreaks of bloody turf battles between rival gangs have left hundreds dead and thousands displaced.

Haitians in recent weeks have also struggled to find fuel, which has left some unable to work.

The country’s fuel stocks have run low as fuel importers struggle to get paid for subsidies that keep fuel prices low in Haiti, and due to difficulties in obtaining dollars from the central bank, according to two sources with knowledge of the situation.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 84,832.73 1.97%
ethereum
Ethereum (ETH) $ 2,171.92 1.10%
tether
Tether (USDT) $ 0.999732 0.00%
xrp
XRP (XRP) $ 2.15 0.99%
bnb
BNB (BNB) $ 601.93 2.25%
solana
Solana (SOL) $ 140.33 3.63%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.201749 3.21%
cardano
Cardano (ADA) $ 0.632931 0.85%
staked-ether
Lido Staked Ether (STETH) $ 2,174.27 0.77%
tron
TRON (TRX) $ 0.232787 1.43%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,579.66 1.79%
hedera-hashgraph
Hedera (HBAR) $ 0.235566 15.55%
litecoin
Litecoin (LTC) $ 125.61 0.17%
chainlink
Chainlink (LINK) $ 14.39 0.95%
stellar
Stellar (XLM) $ 0.299278 7.77%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,583.68 0.85%
leo-token
LEO Token (LEO) $ 9.76 5.06%
sui
Sui (SUI) $ 2.81 0.84%
avalanche-2
Avalanche (AVAX) $ 21.34 1.62%
the-open-network
Toncoin (TON) $ 3.25 2.55%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 1.24%
usds
USDS (USDS) $ 1.00 0.09%
mantra-dao
MANTRA (OM) $ 7.48 1.12%
polkadot
Polkadot (DOT) $ 4.58 3.23%
hyperliquid
Hyperliquid (HYPE) $ 19.27 4.61%
weth
WETH (WETH) $ 2,163.67 1.32%
bitcoin-cash
Bitcoin Cash (BCH) $ 310.63 4.17%
ethena-usde
Ethena USDe (USDE) $ 0.999038 0.02%
bitget-token
Bitget Token (BGB) $ 4.02 1.28%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,295.77 1.40%
uniswap
Uniswap (UNI) $ 7.32 1.68%
monero
Monero (XMR) $ 218.60 1.36%
whitebit
WhiteBIT Coin (WBT) $ 26.47 0.75%
aptos
Aptos (APT) $ 6.46 4.77%
near
NEAR Protocol (NEAR) $ 3.13 4.02%
dai
Dai (DAI) $ 0.999782 0.05%
ondo-finance
Ondo (ONDO) $ 1.00 2.60%
pepe
Pepe (PEPE) $ 0.000007 4.55%
internet-computer
Internet Computer (ICP) $ 6.39 1.08%
susds
sUSDS (SUSDS) $ 1.04 0.19%
ethereum-classic
Ethereum Classic (ETC) $ 19.06 0.61%
aave
Aave (AAVE) $ 186.99 1.42%
bittensor
Bittensor (TAO) $ 322.02 2.10%
okb
OKB (OKB) $ 44.92 1.96%
official-trump
Official Trump (TRUMP) $ 13.16 6.89%
gatechain-token
Gate (GT) $ 20.12 1.70%
mantle
Mantle (MNT) $ 0.736629 0.65%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,550.65 1.74%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.269138 0.12%