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The Baron de Mackau of France presenting demands to Jean-Pierre Boyer, President of Haiti, in 1825. The Haitian independence debt involves an 1825 agreement between Haiti and France that included France demanding an indemnity of 150 million francs in five annual payments of 30 million to be paid by Haiti in claims over property – including Haitian slaves – that was lost through the Haitian ...
In 2015, France forgave about US$77 million (~$96.8 million in 2023) in modern-day debt, unrelated to independence. [22] In 2004, the Haitian government demanded that France repay Haiti for the millions of dollars paid between 1825 and 1947 as compensation for the property loss of French slaveholders and landowners as a result of the slaves ...
On 17 April 1825 an agreement was made between the two nations. France renounced all attempts to re-conquer Haiti and recognized Haiti as an independent nation after Haiti agreed to pay France 150 million gold francs in indemnity to the former colonists within five years.
Currency quotations use the abbreviations for currencies that are prescribed by the International Organization for Standardization (ISO) in standard ISO 4217.The major currencies and their designation in the foreign exchange market are the US dollar (USD), Euro (EUR), Japanese yen (JPY), British pound (GBP), Australian dollar (AUD), Canadian dollar (CAD), and the Swiss franc (CHF).
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In exchange, France would recognize Haiti as an independent nation, which it had thus far refused to do. [67] Boyer agreed without making the decision public beforehand, a move which met with widespread outrage in Haiti. [67] The amount was reduced to 90,000,000 francs in 1838, equivalent to USD $19 billion in 2015. [68]
Under pressure, President Boyer agreed to a treaty by which France formally recognized the independence of the state in exchange for a payment of 150 million francs. [53] By an order of 17 April 1826, the King of France renounced his rights of sovereignty and formally recognized the independence of Haiti.
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