2 Gourdes Treasury bond

Haiti's Treasury bonds of 1915 were issued under extreme fiscal pressure — the country was functionally insolvent, its customs revenues pledged to foreign creditors, and the U.S. military occupation began that same year in July. These circulating bonds were a stopgap, not a conventional banknote issue, reflecting the collapse of normal monetary administration rather than any planned currency reform.

The Pick 128 series is rarely encountered in any condition. Most examples that survived did so outside Haiti, likely removed by American personnel or held by foreign merchants who had reason to preserve rather than spend them.