Honduras central bank to unveil new rules for dollar auctions

The central bank of Honduras announced that new rules are to be published for dollar auctions and the way in which the lempira's sliding devaluation is managed.

Monday, May 26, 2008

Ana Cristina Mejía de Pereira, former president of the National Banking Commission said the new rules would have to be presented in transparent fashion to the financial institutions and the public at large.

More on this topic

Costa Rica: Dollar Price Continues to Rise

May 2017

So far in May the average price of the dollar in the wholesale Monex market has increased by 2%, going from ₡566/US$ on May 1st to ₡578/US$ on the 17th.  

On May 17, in the Monex wholesale market, the average price of a dollar was quoted at ₡578 per dollar, while at bank windows the selling price reached ₡582. [GRAFICA caption="Clic para interactuar con la gráfica"]

Honduras: Devaluation of Lempira Accelerates

July 2014

Days after the IMF mentioned the need to adjust the Lempira, the exchange rate devaluation accentuated in June, closing at L20,97 per dollar.

Between January and June the rate referenced in the electronic auction of the Central Bank of Honduras went from L20 5975, to L20 9752 to the dollar, equivalent to a devaluation of 37.77 cents or 1.8%.

Honduras: Banks Support Slide of Lempira

June 2014

The planned and gradual devaluation of the currency favors the competitiveness of the economy by providing certainty in commercial transactions.

Also the competitiveness of the economy benefits when a properly fixed exchange rate does not generate profits for one sector to the detriment of another.

Costa Rica: Central Bank Intervenes in Exchange Market

May 2014

Over three consecutive days the central bank injected $39.4 million into the wholesale foreign exchange market in order to control the rise of the dollar against the local currency.

The U.S. dollar was quoted on Thursday May 29 at 559 colones in the Monex wholesale market, which is above the average value of 555.6 colones per dollar recorded on Wednesday 28 May.

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