2 Gourdes

Waterlow & Sons printed this note during Haiti's relatively stable Estimé-to-Magloire transitional period, when the Banque Nationale was still operating under the terms of a 1947 agreement that had finally consolidated Haitian monetary control after decades of American-supervised finance. The series to which P#175 belongs reflects that consolidation — a deliberate assertion of institutional normalcy following the end of the U.S. occupation era's financial arrangements.

Waterlow's contract with Haiti ran across multiple denominations through this period, and the 2 Gourdes is among the lower-value notes least likely to have survived in quantity — small denominations circulated hard and were rarely saved.