Haiti's government threatens to sanction speculators
Port-au-Prince, Oct 16 (Prensa Latina) The Prosecutor's Office in Haiti's capital threatened on Friday to sanction those practicing illicit speculation, especially commercial companies that exceed the profit thresholds established by the government.
In the statement signed by Commissioner Ducarmel Gabriel, the official denounced the 'illegal' practice of merchants in the metropolitan area, who 'continue selling their products as they see fit, at exorbitant prices, without respecting the rules prescribed by Haitian legislation.'
In the last two months, the national currency recovered almost 50 percent of its value against the dollar, after the central bank's injection of foreign currency into the foreign exchange market and the sanction of financial entities.
However, residents criticized that some markets do not include this variation and keep their prices on the rise.
At the end of September, the government stipulated that all companies had to show their prices in national currency; however, some companies, educational institutions and services that operate in dollars, established exchange rates much higher than the official ones.
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