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Honduras Central Bank loses more than $200 million in reserves. Demand running at $100 million a day

Tuesday, August 16, 2011

\ Demand for dollars in Honduras has been running at some $100 million a day since the central bank changed the system for fixing the exchange rate between the lempira and the dollar.\ \ Some analysts say that demand for the dollar always grows at this time of year. Others believe that a reduction in the central bank’s monetary reserves has been provoked by the system in the exchange rate. What appears to be clear, however, is that the reserves fell from $3.1 billion to $2.9 billion between July 28 and August 11.\ \ Original source (in Spanish): El Heraldo\ \ \ \ \