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Honduras sets new system for exchange rate

Monday, July 25, 2011

\ The central bank of Honduras announced a new system to set the exchange rate of the lempira, which has been fixed against the dollar since 2005.\ \ The new scheme will come into force today. The rate for the dollar will be set weekly.\ \ The central bank president gave an assurance against abrupt changes in the rate, given the extent of the nation’s reserves.\ \ \ \ \ Original source (in Spanish): Reuters\ \ \ \ \ \