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Honduras advised by Fund to devalue the lempira

Monday, July 19, 2010

The International Monetary Fund has advised Honduras to devalue its currency, the lempira, following a review of the government’s economic policies.

The review will open the door to a new accord between the Fund and the government of Porfirio Lobo.

According to the report, The Fund’s directors advised growing flexibility in exchange-rate policy.

Original source (in Spanish): AFP