Honduras: Historical Growth for Banking Liquidity

Between January and July 2009, the liquidity of Honduran Banks grew 242%, from $1.05 billion to $2.45 billion.

Wednesday, August 12, 2009

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]".

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