Honduras: International Reserves Dip 14%

©image: Banco Central de Honduras

In 2009, the bank lost $343.7 million worth of reserves when compared to 2008. The current reserves cover 3.4 months of imports, slightly above the accepted minimum of 3 months.

"Sandra Martínez de Midence, Central Bank president, reported that this reduction can be explained by internal and external reasons, such as a reduction in remittances, the suspension of international aid and less exports", reported Elheraldo.hn.

Source: elheraldo.hn

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