5 Gourdes

Thomas De La Rue printed this series for Haiti through much of the mid-twentieth century, a relationship that stretched across multiple denominations and political regimes. The 1968 date places this note squarely in the François Duvalier period — a time when the Banque Nationale was functioning under extreme fiscal pressure, with foreign reserves depleted and the IMF having suspended assistance in 1963 over unpaid arrears.

Pick 198 runs as part of a series issued from the mid-1960s into the early 1970s. Watermark-only security was relatively light protection for the period, though De La Rue's intaglio printing provided some deterrent against local counterfeiting.