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The Bank of Honduras and the Banco Atlantida issued the first lempira banknotes in 1932. They were in denominations of 1, 2, 5, 10 and 20 lempiras. The Central Bank of Honduras took over production of paper money in 1950, introducing 50 and 100 lempiras notes in 1950, followed by the 500-lempiras note in 1995.
The Central Bank of Honduras (Spanish: Banco Central de Honduras) was established on 1 July 1950. [2] The president of the bank is appointed by President of Honduras for a term of four years. [ 3 ] The current bank president is Rebeca Santos.
The bank was founded on September 1, 1951 in the city of Santa Rosa de Copan, by Manuel Bueso Pineda and Jorge Bueso Arias and previously authorized by the Executive Branch of Honduras on 30 August 1951 by resolution No. 500 of the Secretariat of Finance and Public Credit.
The slowed rate of growth in 2008 (4%, vs. 6.3% in 2007) reflected the general downturn in the world economy that year. The Banco Central de Honduras (central bank) named the debilitation of global demand, and loss of dynamism in final consumer demand, as important factors in the slowing of Honduras's economic growth in 2008. [28]
The real was the currency of Honduras until 1862. [1] Before 1824, the Spanish colonial real circulated, followed by the Central American Republic real. Sixteen silver reales equalled one gold escudo. [citation needed] Honduras's own real was introduced in 1832. Coins were issued in denominations of 1 ⁄ 2, 1, 2, 4 and 8 reales.
The Embassy of Honduras in Washington, D.C. is the diplomatic mission of Honduras to the United States.It is located at 1220 19th Street, Northwest, Washington, D.C. Separately, Honduras has a consulate-general located at 1990 M St NW, Washington, D.C.
Lempira is a rugged department, and it is relatively isolated from the rest of the country. The highest mountain peak in Honduras, Cerro las Minas, is in Lempira. The department was named after Lempira, a local chieftain of the Lenca people who fought against the Spanish conquistadores in the early 16th century.
Tegucigalpa (UK: / t ɛ ˌ ɡ uː s ɪ ˈ ɡ æ l p ə / [9] US: / t ə ˌ-/ [10] [11] Spanish: [teɣusiˈɣalpa])—formally Tegucigalpa, Municipality of the Central District (Spanish: Tegucigalpa, Municipio del Distrito Central or Tegucigalpa, M.D.C. [12]), and colloquially referred to as Tegus or Teguz [13] —is the capital and largest city of Honduras along with its sister city, Comayagüela.