"San Rafael, Lempira San Rafael is a municipality in the Honduran department of Lempira. It is one of the farthest municipalities of the Lempira department of Honduras. The best way to get to the municipality capital is via Santa Bárbara department, passing by El Nispero and San Jeronimo municipalities of this department. In the census of 1887 it appears with the name of ""El Conal"" village, of La Iguala municipality, and until 17 July 1900 it was granted the category of municipality, in the administration of President Terencio Sierra. To get to the municipality capital it is necessary to go"
"rose 28% to $410 million in 2000. The Lempira (currency) was devaluing for many years but stabilized at L19 to the US dollar in 2005. The Honduran people are among the poorest in Latin America; Gross national income per capita (2007) is $US 1,649; the average for Central America is $US 6,736. Honduras is the fourth poorest country in the Western Hemisphere; only Haiti, Nicaragua, and Guyana are poorer. Utilizing alternative statistical measurements in addition to the Gross Domestic Product can provide greater context for the nation's poverty. The country signed an Enhanced Structural Adjustment Facility (ESAF) -- later converted"
"the United States dollar (the 20-centavos coin is called a ""daime"" as it was worth the same as a U.S. dime). As of June 20, 2017, the lempira was quoted at 23.44 HNL to 1 USD. In 1931, coins were introduced in denominations of 5, 20 & 50 centavos, and 1 lempira. One-, 2- and 10-centavos coins were added in 1935, 1939 and 1932, respectively. The silver 1-lempira coins ceased production in 1937, with the other silver coins (20 & 50 centavos) replaced by cupro-nickel in 1967. The 1- and 2-centavos coins were discontinued in 1974 and 1998, respectively. Coins"
"trade deficit. Overall economic planning became the responsibility of the National Superior Planning Council, directed by the minister of economy and commerce. President Callejas, a United States-trained economist, brought new professionalism and technical skills to the central government as he began the arduous task of long-term economic reform. The official exchange rate of the lempira, pegged at US$1=L2 since 1918, was dramatically devalued in 1990. Exchange controls had been introduced in 1982, resulting in a parallel currency market (black market) and several confusing official exchange rates operating simultaneously. Some of those rates were legally recognized in 1990 when President Callejas"
"country as of January 1, 2001, replacing the Salvadoran colón, Belize is a country where the dollar circulates, but of Belizean type. In the case of Panama two types of currency are circulating, the Panamanian balboa and the US dollar. Guatemala has the highest gross domestic product in Central America, followed by Panama, Costa Rica and El Salvador. The GDP data are based on data from the World Bank corresponding to 2012. The rates of economic growth come from the CIA World Factbook. Regarding exports and imports, the balance is negative in the region, each country consumes more than it"
"introduced a major series of economic policy reforms, which included reducing the maximum import tariff rate from 90 percent to 40 percent and getting rid of most surcharges and exemptions. The value of the lempira was adjusted to US$1=L4, with the exception of the rate for debt equity conversions, which remained at the old rate of US$1=L2. The official conversion rate of the lempira fell to US$1=L7.26 in December 1993. The president also introduced temporary taxes on exports, which were intended to increase central government revenue. Additional price and trade liberalization measures and fewer government regulations became part of his"
"divided the native towns and gave their labor to the Spanish conquistadors as ""repartimiento"". Further indigenous uprisings near Gracias a Dios, Comayagua, and Olancho occurred in 1537–38. The uprising near Gracias a Dios was led by Lempira, who is honored today by the name of the Honduran currency. The defeat of Lempira's revolt, and the decline in fighting among rival Spanish factions all contributed to expanded settlement and increased economic activity in Honduras. In late 1540, Honduras looked to be heading towards development and prosperity, thanks to the establishment of Gracias as the regional capital of the Audiencia of Guatemala"
"labor. The enforced labor, however, led to renewed resistance by the native people that culminated in a major uprising in 1537. The leader of the uprising was a capable young Lenca chieftain known as Lempira (after whom the Honduran national monetary unit would eventually be named). Lempira established his base on a fortified hill known as the Peñol de Cerquín and until 1538 successfully defeated all efforts to subdue him. Inspired by his examples, other native inhabitants began revolting, and the entire district of Higueras seemed imperiled. Lempira was ultimately murdered while negotiating with the Spaniards. After his death, resistance"
"Currency of Spanish America This article provides an outline of the currency of Spanish America (""las Indias"", the Indies) from Spanish colonization in the 15th century until Spanish American independencies in the 19th. This great realm was divided into the Viceroyalty of New Spain (capital: Mexico City), which came to include all Spanish territory north of Panama, the West Indies, Venezuela, and the Philippines, and the Viceroyalty of Peru (capital: Lima), which included Panama and all Spanish territory in South America except Venezuela. The monetary system of Spanish America, originally identical to that of Spain, soon diverged and took on"
"Currency of Spanish America This article provides an outline of the currency of Spanish America (""las Indias"", the Indies) from Spanish colonization in the 15th century until Spanish American independencies in the 19th. This great realm was divided into the Viceroyalty of New Spain (capital: Mexico City), which came to include all Spanish territory north of Panama, the West Indies, Venezuela, and the Philippines, and the Viceroyalty of Peru (capital: Lima), which included Panama and all Spanish territory in South America except Venezuela. The monetary system of Spanish America, originally identical to that of Spain, soon diverged and took on"
"they are called ""güilas"" or ""carajillos"". In Guatemala, Honduras, and El Salvador money is called ""pisto"", a term coming from the Spanish dish 'pisto'. However, a common slang word used for money in all of the Central American countries (except Belize) is ""plata"". In Mexico ""plata"" refers to Mexican pesos while ""oro"" refers to American dollars. In addition, chucho in Guatemala, El Salvador, and Honduras means dog. Central American Spanish Central American Spanish ( or ""castellano centroamericano"") is the general name of the Spanish language dialects spoken in Central America. More precisely, the term refers to the Spanish language as"
"the time by Ricardo Maduro Joest, did not have any dollars available to the general public. Instead, people were given back devalued Lempiras causing a lot of suffering in what was already one of the poorest countries in the western hemisphere. Gasoline supplies were non-existent when he took office and long lines of cars were seen at the gas stations trying to obtain fuel. This led to many strikes and a lot of social agitation, until his government successfully negotiated with the United States the write-off of a $US430 million debt, in September 1991. He presided over a liberal reformist"
"their success to the growth of cotton and livestock exports post-World War II. The wealthy are not politically unified and differ in political and economic views. The currency is the Honduran lempira. The government operates both the electrical grid, Empresa Nacional de Energía Eléctrica (ENEE) and the land-line telephone service, Hondutel. ENEE receives heavy subsidies to counter its chronic financial problems, but Hondutel is no longer a monopoly. The telecommunication sector was opened to private investment on 25 December 2005, as required under CAFTA. The price of petroleum is regulated, and the Congress often ratifies temporary price regulation for basic"
"general ranking of ""Amperica Economy"", 7 Central banks appears: HSBC Panama ranked 39th, General of Panama at 42, National Panama (57), National of Costa Rica (70), Bladex of Panama (75), Agricultural Bank of El Salvador (85) and Costa Rica Bank of Costa Rica (92). Economy of Central America The economy of Central America is the eleventh-largest economy in Latin America, behind Brazil, Mexico, Argentina, Chile and Colombia, According to the World Bank, the nominal GDP of Central America reached 204 billion US dollar in 2010, as recovery from the crisis of 2009, where gross domestic product (GDP) suffered a decline"
"Japan, Dominican Republic and Mexico. Currently, the Central American bloc is based on a bilateral free trade agreement (FTA) with the United States known as CAFTA-DR, and another in negotiations with Peru. The Panama Canal is the connection of Central America with the rest world, and the main means of communication for trade with Central America, South America, United States, Europe and Asia. The economic development of Central America is the middle level, although competitiveness is remarkable: Each country has its own national currency, with the exception of El Salvador, where the US dollar was taken as currency in the"
"Lepaera Lepaera is a municipality in the Honduran department of Lempira. It has tropical climate all year round. Lepaera is one of the oldest municipalities of the Lempira department. It is also the departmental capital of the municipality. The distance to Lepaera from Gracias is 15 km on the road that leads to Santa Rosa de Copán Access is paved but dangerous curves necessitate caution. It is considered an """" settlement since 1538 with inhabitants such as Lencas, Toltecas or Chorties Indians, it is believed that these people came from the region of ""Cuscatlán"" in El Salvador. Between 1536 and"
"coffee for today's economy. The outlook for the sugar industry, which had boomed during the 1980s when Honduran producers were allowed to fill Nicaragua's sugar quota to the United States, seemed bleak in 1993. Restoration of the sugar quota to Nicaraguan growers has been a major blow to Honduras's small independent producers, who had added most of Nicaragua's quota to their own during the United States embargo of Nicaragua. Higher costs for imported fertilizers because of the devaluation of the lempira add to the problem. Honduran producers seek relief from a relatively low official price of 25 lempiras per kilogram"
"economist Pedro Palma calls this scheme the system of fixed and differentiable exchange rates (1941-1960). The Ciudad Vacacional Los Caracas was originally an agricultural community for the leprosy patients that had to be isolated, as part of the Sanitary Plans of the Ministry of Health. Marcos Pérez Jiménez changed his use and turned the Colonia Agrícola-Leprosario into a holiday town, harming the sick. Actually, this was a project of the government of Isaías Medina Angarita, but the propaganda apparatus of the government of Marcos Pérez Jiménez has sold it as his own. The change of destiny of the agricultural community"
"Central Reserve Bank of Peru The Central Reserve Bank of Peru (; BCRP) is the Peruvian central bank. It mints and issues metal and paper money, the sol. Its branch in Arequipa was established in 1871, and it served the city by issuing money as well as maintaining a good reputation for savings accounts in Southern Peru. It is the equivalent of the Federal Reserve of the United States or the European Central Bank in Europe. The Constitution states that the purpose of the Central Reserve Bank is to preserve monetary stability. The Central Reserve Bank's target annual inflation is"
"Bank of the Republic (Colombia) The Banco de la República () is the central bank of the Republic of Colombia. Its main functions are detailed by the Congress according to the Ley 31 de 1992. One of them is the issuance of the Colombian currency, the peso. The bank is also active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. There are at least three predecessors to the current bank. The first national bank was created in 1880, named the ""Banco Nacional"", and its functions included handling the state funds, issuing currency"
"Honduran peso The peso was the currency of Honduras between 1862 and 1931. The peso replaced the real at a rate of 1 peso = 8 reales. Initially, the peso was subdivided into 8 reales. In 1871, the currency was decimalized, with the peso subdivided into 100 centavos. The peso was replaced in 1931 by the lempira at par. The first coin issues in 1862 were a provisional copper coinage in denominations of 1, 2, 4 and 8 pesos. This was followed between 1869 and 1871 by a cupro-nickel coinage in denominations of ⅛, ¼, ½ and 1 real. Silver"
"1999). This currency has code XSU in ISO 4217 standard currency list In 2013 Uruguay joined the currency. In 2018, the government of Venezuela proposed using the Petro, instead, for trade within ALBA. SUCRE The SUCRE (, English: Unified System for Regional Compensation) is a regional currency proposed for commercial exchanges between members of the regional trade bloc Bolivarian Alliance for the Americas (ALBA), which was created as an alternative to the Free Trade Agreement of the Americas (FTAA). The SUCRE is intended to replace the US dollar as a medium of exchange in order to decrease US influence and"
"Greater Republic of Central America The Greater Republic of Central America was a short-lived union between Honduras, Nicaragua, and El Salvador, lasting from 1896 to 1898. It was an attempt to revive the failed Federal Republic of Central America from earlier in the century. The three countries agreed to establish a union with the signing of the Treaty of Amapala on 20 June 1895. On 15 September 1896, after the countries had all ratified the treaty individually, the union was formally confirmed. The republic was rechristened the ""United States of Central America"" when its constitution came into effect on 1"
"Economy of Central America The economy of Central America is the eleventh-largest economy in Latin America, behind Brazil, Mexico, Argentina, Chile and Colombia, According to the World Bank, the nominal GDP of Central America reached 204 billion US dollar in 2010, as recovery from the crisis of 2009, where gross domestic product (GDP) suffered a decline to 3.8%. The major economic income are the agriculture and tourism, although the industrial sector is in strong growth, mainly in Panama. United States is the main socio-commercial of all Central American countries. Other important socio-commercial countries in Central America are the European Union,"
"and Colombia. Haiti joined SICA in 2013 as an associate member, and the Dominican Republic became a full member on 27 June 2013. The Central American Bank for Economic Integration has not introduced its own common currency, and dollarization is possible. However, for formal purposes the US Dollar is sometimes referred to as ""Central American Peso"" pegged 1:1 to the Dollar. There are no coins or notes in this currency and it is little known outside of legal circles. Central America is increasing its regional economic development, accelerating its social, political and economic integration. The region has diversified output and"
"(República Mayor de Centroamerica) via the Pact of Amapala (1895). Although Guatemala and Costa Rica considered joining the Greater Republic (which was rechristened ""the United States of Central America"" when its constitution went into effect in 1898), neither country joined. This union, which had planned to establish its capital city at Amapala on the Golfo de Fonseca, did not survive Tomas Regalado's seizure of power in El Salvador in 1898. Although the Central American spirit seemed willing, the commitment was weak. The notion of unification was another manifestation of the idealistic liberal ethos, and it proved durable and quite resistant"
"are printed in polymer, while the 500 córdobas note is printed on cotton paper substrate.On 1 December 2016, the Banco Central de Nicaragua introduced a 1,000 córdobas banknote to ease high-value transactions. A commemorative design was issued on 1 December 2016 to commemorate the 100th anniversary of the death of poet Rubén Darío and a regular issue was issued on 2 January 2017. , the Central Bank of Nicaragua has used a crawling peg scheme, devaluing the córdoba against the United States dollar by 5% per annum. Nicaraguan córdoba The córdoba (, sign: C$; code: NIO) is the currency of"
"tie to US dollars, Panama has traditionally had low inflation. According to the Economic Commission for Latin America and the Caribbean, Panama's inflation in 2006 was 2.0 percent as measured by a weighted Consumer Price Index. The balboa replaced the Colombian peso in 1904 after Panama's independence. Balboa banknotes were printed in 1941 by President Arnulfo Arias. They were recalled several days later, giving them the name ""The Seven Day Dollar"". The notes were burned by the new government, but occasionally balboa notes can be found in collections. These were the only banknotes ever issued by Panama and US notes"
"Mesoamerican region The Mesoamerican region (often abbreviated MAR) is a trans-national economic region in the Americas that is recognized by the OECD and other economic and developmental organizations, comprising the united economies of the seven countries in Central America — Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama — plus nine southeastern states of Mexico — Campeche, Chiapas, Guerrero, Oaxaca, Puebla, Quintana Roo, Tabasco, Veracruz, and Yucatán. Designated as an 'economic territory' by the OECD, the identification of the Mesoamerican region as a focus for common regional economic development has been observed since the adoption in 2001 by"
"""Arias Seven-Day"" notes escaped incineration. Panamanian balboa The balboa (sign: B/.; ISO 4217: PAB) is, along with the United States dollar, one of the official currencies of Panama. It is named in honor of the Spanish explorer/conquistador Vasco Núñez de Balboa. The balboa is subdivided into 100 ""centésimos"". The balboa replaced the Colombian peso in 1904 following the country's independence. With the exception of a fluctuation in 2016, the balboa has been tied to the United States dollar (which is also legal tender in Panama) at an exchange rate of 1:1 since its introduction and has always circulated alongside dollars."
"issued by the BEAC (, i.e., ""Bank of the Central African States""), located in Yaoundé, Cameroon, for the six countries of the CEMAC (, i.e., ""Economic and Monetary Community of Central Africa""): These six countries have a combined population of 45.0 million people (as of 2013), and a combined GDP of US$88.2 billion (as of 2012). In 1975, Central African CFA banknotes were issued with an obverse unique to each participating country, and common reverse, in a fashion similar to euro coins. Equatorial Guinea, the only former Spanish colony in the zone, adopted the CFA in 1984. General: CFA franc"
"economy. The University Francisco de Paula Santander in Cucuta, the National University of Colombia in Bogotá, and the Pedagogical and Technological University of Colombia in Tunja are the only ones in the country that provide for the career of Mining Engineering. The peso is the official currency. Owing to its proximity to Venezuela, the bolívar was accepted by the vast majority of commercial establishments until the rapid devaluation of the Venezuelan currency began after the 2013 recession. Colombia signed a Free Trade Agreement with the United States against opposition by Venezuela. Despite this opposition, industries from Venezuela are constructing their"
"produces. The main products that the region exports are agricultural type (cocoa, coffee, rice, flowers, etc.), the largest purchaser is the United States. While on the other hand, the region imports nontraditional products (cars, appliances, electronics, etc.) and the main seller is United States. According to the World Bank, Panama, Costa Rica and Guatemala are the countries that receive more foreign direct investment in Central America, and exceeded one billion US dollars. The next table shows the values in dollars, and investment growth between 2010 and 2014: Banking is one of the main economic activities in Central America, which takes"