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A rise in the prices of imported products due to the depreciation of the national currency

  • Key Message Update
  • Haiti
  • January 2021
A rise in the prices of imported products due to the depreciation of the national currency

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  • Key Messages
  • Key Messages
    • Stabilized from October to November 2020 around 63 gourdes per US dollar, the exchange rate has appreciated since December, and reached around 73 gourdes on January 17, 2021. This induced a reversal in the prices of imported products such as rice and flour which have increased by 11 percent on average, while remaining about 50 percent above the five-year average.

    • The security situation deteriorates further with calls for the President's resignation. The cases of kidnapping for ransom, in addition to socio-political protests, follow one another creating a climate of fear across the capital. This further impacts food security conditions by limiting the typical functioning of markets, albeit sporadically.

    • Normal rains were observed during the first dekad of January but still are below average and irregularly distributed in certain regions (Artibonite, North, North-East), negatively impacting winter crops, especially beans and corn. However, according to key informants, this season's production is estimated to be good (Congo peas, beans, groundnuts, maize), especially in the South, South-East, and Grand'Anse.

    • Livelihoods continue to be disrupted, mainly due to rising commodity prices. Very poor households will therefore continue to adopt crisis or stress strategies to maintain the current level of their food consumption. Crisis (IPC Phase 3) and Stress (IPC Phase 2) food insecurity will therefore persist in most regions.

    This Key Message Update provides a high-level analysis of current acute food insecurity conditions and any changes to FEWS NET's latest projection of acute food insecurity outcomes in the specified geography. Learn more here.

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