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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]".
Source: elheraldo.hn
More on this topic
February 2009
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.
September 2011
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%.
November 2008
Monetary authorities are pushing more actions to provide liquidity to the banking system.
A total of $450 million (Q3,460 million) will flow into the economy during the next few days, as result of the explication of measures to provide the banking system with liquidity.
March 2009
In response to the local and global economic crisis, the liquidity measures taken in October 2008 were extended by nine months.
In October 2008, the National Council of Financial System Supervision (CONASSIF) decided to relax some of the risk indicators required of financial institutions to strengthen their liquidity.