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Banks in Honduras left without dollars as a result of new system to fix national currency the lempira

Wednesday, July 27, 2011

\ Banks in Honduras bore the brunt of the impact of the decision to change the system for setting the exchange rate of the lempira.\ \ Demand for dollars far exceeded the available supply in many branches.\ \ The vice-president of the bankers’ association criticized the new system that is based on exchange rates. “Several banks were unable to get dollars in the auction,” he said.\ \ \ \ Original source (in Spanish): La Estrella\ \ \ \