Honduras: Lempira Exchange Rate Band Change

A statement by Central Bank of Honduras reads:

Faced with a favorable external position BCH has decided to reactivate the exchange rate band.

Increased external demand coupled with better prices of main export products and a greater flow of remittances, have allowed an important accumulation of BCH’s reserve assets, reaching a balance of international reserves in excess of U.S. $3000.0 million, which will finance about four months worth of imports and cover more than one hundred percent of the external public debt.

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