Honduras: Lempira variations do not affect savings
Honduras continue saving in Lempiras in spite of the fluctuation of the currency versus the US dollar.
Wednesday, July 30, 2008
The Central Bank of Honduras reported that the banking system keeps $6.180 million in private sector deposits, with 30% of those in Lempiras, and the remaining 30% in foreign currency (US dollars, euros, swiss francs, pounds and yens). The data refers to July 3, 2008.
Honduras' industry is asking government to contain spending, in order to curb the depreciation of the currency and rising interest rates.
Economic recovery and resources from the Venezuelan Cooperation explain the rise in deposits.
The Central Bank of Honduras said the Canadian dollar and the yuan, have been added to the list of currencies that can be deposited in foreign currency accounts.
Next week the price of one dollar will exceed 19 lempiras.
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