National Bank of Haiti

It was the brainchild of President of Haiti Lysius Salomon, who in 1880 promoted the legislation (law of 10 September 1880)[1] which created a 50-year concession for currency issuance and management of the country's finances.

[4] However, the operations of the National Bank were a matter of controversy in Haiti, not least because of its aggressive charging of fees and repatriation of profits and dividends to France.

Haitian statesman Frédéric Marcelin was a prominent critic and in 1890 wrote an essay to denounce the bank's extraction of Haiti's riches and lack of positive contribution to the country's economic development.

[6] In October 1910, Haitian President Antoine Simon revoked the National Bank's concession, ending its activity.

[7] He granted the concession for currency issuance and government treasury operations to the newly formed National Bank of the Republic of Haiti, also established in Paris at 55, rue de Chateaudun [fr],[8] whose initial majority shareholder was the Banque de l'Union Parisienne.