Honduran Central Bank reduces reserves

Starting on December 6, the legal reserves in local currency will be reduced to 0% and will be lowered by five points for deposits in foreign currency.

Friday, November 21, 2008

The measure, announced by the president of the Central Bank, Edwin Araque, seeks to increase liquidity in the financial system by some $251 million (4.8 billion lempiras) which the banks will have available to offer in credit.

Edwin Araque added that they will provide a minimum amount of $105 million (2 billion lempiras) to continue financing the construction sector and an additional $159 million (3 billion lempiras) for other sectors.

Araque explained that those $246 million (5 billion lempiras) will help to finance the agriculture sector, the industrial sector, the services sector and the textiles sector which will also have access to these resources.

More on this topic

Banking Legal Reserve Requirements Reduced in Nicaragua

February 2011

The Central Bank announced that the daily legal reserve requirement will now be 12%, while it now stands at 16.25% weekly.

According to Antenor Rosales, president of the Bank, financial institutions must maintain a minimum reserve of 15% biweekly and a daily minimum reserve of 12%.

Honduras announces changes for operations in US dollars

January 2009

The Central Bank announced that it will temporarily suspend all liquid operation in dollars in the banking system.

Latribuna.hn reports: "The purpose of the measures is to alleviate pressure on the short term markets for financing in US dollars.

This was announced yesterday by the president of the Bank, Edwin Araque, who said that they have reduced the monetary policy rate from 9 to 6.75 points."

Reduction of reserves does not help Honduran micro businesses

November 2008

The reduction of the legal reserves to zero percent that was adopted by the Central Bank of Honduras does not guarantee resources for small businesses.

When the Central Bank lowers the interest rates so that more resources are available in the market, this money does not reach the small producer, but goes to banks which do not lend to small producers because they have no guarantees, bank accounts or profit and loss statements and are therefore excluded from these benefits, the president of the Association of National Industries (ANDI), Adolfo Facusse, lamented.

Central Bank of Honduras (BCH) reduces banking reserves

October 2008

In order to facilitate the economic growth in strategic productive sectors, the BCH reduced the banking reserves by 2 points.

On July 18, the BCH lowered the reserves by 5 points to 12; with the latest reduction on Wednesday it will now be at 10. For each point, the BCH releases $47.6 million (900 million lempiras) to private banks.

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Financian software for investment portfolios, mutual and pension funds

Colombian company with more than 30 years in the market develops technological solutions that allow to manage in an integrated and timely way investment portfolios.
Solutions to manage investment portfolios, investment...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jun 20)
Brent Crude Oil
74.91
Coffee "C"
116.4
Gold
1,274
Silver
16.35