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The banks had excess reserves, and lending rates were in the area of 26 to 29 percent, with few borrowers. Prior to liberalization measures, the Central Bank of Honduras (Banco Central de Honduras) maintained interest rate controls, setting a 19 percent ceiling, with the market lending rate hovering around 26 percent in late 1991. With ...
Honduras spans about 112,492 km 2 and has a population exceeding 8 million. Its northern portions are part of the Western Caribbean Zone , as reflected in the area's demographics and culture. Honduras is known for its rich natural resources, including minerals , coffee , tropical fruit , and sugar cane , as well as for its growing textiles ...
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The Central Bank of Honduras (Spanish: Banco Central de Honduras) was established on 1 July 1950. [2] The president of the bank is appointed by President of Honduras for a term of four years. [ 3 ] The current bank president is Rebeca Santos.
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Bananas are one of Honduras's main exports. Banana production in Honduras plays an important role in the economy of Honduras. In 1992, the revenue generated from banana sales amounted to US$287 million and along with the coffee industry accounted for some 50% of exports. [1] [2] Honduras produced 861,000 tons of bananas in 1999. [3]
Honduras will potentially be able to manage more tourist traffic and support it with another MIGA-backed project granting over $80 million US dollars that will expand Honduras' current power grid capacity from 102 megawatts to 126 megawatts with the implementation of a wind farm and massive photovoltaic, (Solar power) projects. [13]