60% of available funds are in Lempiras, the national currency, while the remaining 40% are in dollars.
Such growth was a result of monetary policies by the Central Bank of Honduras, who increased the amount of money in the economy by removing some obligatory investments on deposits, and reducing and eliminating reserve requirements.
An article in Elheraldo.hn reports that "eliminating reserve requirements and removing compulsory investments has meant the liberation of 16.12 billion Lempiras [$853 million]".
The banking system of Honduras registered in January a liquidity of $952 million, $435 million more than that of July 2008.
According to the president of the Central Bank of Honduras, Edwin Araque, this is due to the policies of a gradual reduction in the banking adjustments and the measures to limit the credit for consumption and commerce and to promote the productive sectors.
Funds in the banking system have increased by 10.34% so far this year.
Data provided by the Superintendency of Banks (SB), indicates that loan funds have reported increases year after year. Figures up to December 2008 amounted to $2,449 million, for December 2009 it was $3,013 million, and the balance in December 2010 showed an increase of 4.2%.
Responding to the international financial situation the Panamanian Bank Superintendent's Office has decided to adopt temporary measures.
According to Resolution 8-October 31, 2008; at the request of a bank, the Superintendent's Office may approve a resolution to the effect that obligations issued by the Panamanian government, US Treasury bonds and notes and Latin American government debt within its investment portfolio be transferred from the category of securities available for sale to the category of term securities.
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