Honduras agrees with the International Monetary Fund on 5 percent devaluation
Thursday, February 16, 2012
The Honduran government has agreed with the International Monetary Fund to devaluate its currency by 5 percent this year.
The devaluation means the currency exchange rate will stand at 20 Honduran lempiras to one US dollar.
The devaluation will favor the exporting sector, according to the Fund.
Source (in Spanish): El Heraldo