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#1631: The Gourde's Current Weakness : Blanchet comments
From: Max Blanchet <MaxBlanchet@worldnet.att.net>
When Diaspora folks travel to Haiti - tens of thousands
of them in December alone - they bring with them dollars
with which they purchase Gourdes. Thus, the pressure
on the Gourde brings up its value relative to the dollar.
Simple supply and demand effect.
This trend helps counter the opposite trend whereby the
dollar tends to appreciate relative to the Gourde because
business people tend to replenish their stocks - in $ - in
anticipation of increased end-of-year sales as they do
everywhere else on the planet.
To sum up, a reduced influx of Diaspora folks coupled with
with normal behavior on the part of business provides a
plausible, albeit partial, explanation of what is going on.
I think there is more to it though.
Thus, my initial posting.