Central Bank of Honduras
in Central America
Tuesday, January 10, 2012
Increases in the minimum wage effective for the next two years range from 5 to 7%.
According to the agreement the percentage increases vary depending on the number of workers who work in companies. Where there are 1 to 50 the increase is 5.6%, from 51 to 150 it is 6.24% and for more than151 employees the percentage is 7.25%.
Friday, January 6, 2012
Up to the third quarter of 2011, exports amounted to $2,484 million, 10.3% more than the same period of 2010.
Of the total foreign sales, 83.4% was destined to go to the United States, which remains the number one destination for textile exports.
Wednesday, November 23, 2011
Up to September, an export value of $296.6 million has been reported and the end of year figures are expected to be close to $400 million.
According to the Central Bank of Honduras, bananas rank second in generating foreign exchange, coming after coffee.
Wednesday, November 9, 2011
In the first eight months of the year 574,358 square meters were built, 3% less compared to the same period in 2010
In terms of investment in the sector, the total was $179 million, 12.6% higher compared to the same period in 2010.
According to data from the Central Bank of Honduras, investment in the residential sector was $77 million, and in the commercial sector it was $52.5 million.
Monday, October 24, 2011
In the first half of the year companies operating in free zones exported 28% more vehicle parts.
Sales of electrical parts and transport equipment increased by $44.1 million, going from $157.6 million to $201.8 million in the period analyzed. This was revealed by a report by the Central Bank of Honduras (BCH).
Friday, October 14, 2011
In 2009 $25.7 million was paid for franchising licenses and international licenses, increasing to $30.4 in 2010.
The results of a study conducted by the Central Bank, the Ministry of Industry and the Tourism Institute, indicate that from January to June 2011, companies paid $15.2 million by way of franchises and the figure for the end of the year is expected to be $32 million.
Friday, October 14, 2011
Next week the price of one dollar will exceed 19 lempiras.
The devaluation that the Honduran currency has suffered against the dollar for several days, has the population concerned, because it increases the cost of living, reducing purchasing power in a country highly dependent on imports.
Monday, October 10, 2011
From January to June 2011 total exports to Central America reached $418.2 million, 33% higher than the $313.8 million in the same period last year.
The main destinations for the Honduran products in Central America were El Salvador and Guatemala, followed by Nicaragua and Costa Rica.
"Regionally, Central America is in third place as a destination for exports, with 18%, with the European Union and North America occupying the top two spots", reported Elheraldo.hn.
Friday, October 7, 2011
In the first six months of the year the country received $485.7 million in foreign direct investment (FDI).
According to preliminary data from the Central Bank of Honduras the amount exceeds the $62.4 million received in the same period in 2010.
Wednesday, September 28, 2011
Estimates for this season are that 4.5 million quintals of the grain will be sold, exceeding the record high of 4.1 quintals.
An increase in production and high international prices are two of the main reasons behind the growth of coffee exports.
Monday, September 26, 2011
The old continent is the main destination for foreign sales made by the country.
Coffee, farmed shrimp, bananas and sugar are the leading products in Honduran exports to the European Union, accounting for 35% of the total in the first half of the year.
Friday, September 23, 2011
In the first six months of the year exports totalled $131 million, which is $ 32.2 million more than in the same period in 2010.
The surge in exports is explained mainly by increased sales of non-ferrous metals such as gold and silver.
A report by the Central Bank of Honduras shows that foreign sales of gold increased in value by 31.9% making a total of $54.1 million, driven by rising international market prices (26.6% ). In terms of volume, growth was 4.1%, amounting to 37.6 thousand troy ounces.
Tuesday, September 13, 2011
The basic interest rate has been raised to 5% in order to minimize the external pressure on prices.
At a time when prices of raw materials is on the rise internationally, the Central Bank of Honduras has increase by 5% the monetary policy rate (MPR), an instrument which aims to influence interest rates on the market.
The MPR has not recorded variations since August 2009 when it stood at 4.5%.
Wednesday, July 27, 2011
The security of financial systems are to be strengthened in order to prevent potential crisis.
A proposal presented by the National Banking and Insurance Commission, to implement an early warning system, has been approved by executive decree.
The system will allow monitoring of the overall performance of banks and financial institutions with the aim of detecting possible signs of potential systemic crises.
Monday, July 25, 2011
The Central Bank of Honduras has reinstated upper and lower limits for foreign exchange auctions, which will be held Monday through Friday.
A statement by Central Bank of Honduras reads:
Faced with a favorable external position BCH has decided to reactivate the exchange rate band.
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