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The bank was founded on September 1, 1951, in the city of Santa Rosa de Copan, by Manuel Bueso Pineda and Jorge Bueso Arias and previously authorized by the Executive Branch of Honduras on 30 August 1951 by resolution No. 500 of the Secretariat of Finance and Public Credit.
BAC Credomatic is a financial group in Central America, with operations in Guatemala, El Salvador, Honduras, Nicaragua (where it was founded and former headquarters in the city of Managua), Costa Rica (current headquarters), Panama, Grand Cayman, The Bahamas, and the United States.
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.
CABEI is a multilateral development bank whose mission is to promote the economic integration and the balanced economic and social development of the Central American region, which includes the founding countries and the non-founding regional countries, attending and aligning itself with the interests of all of its member countries.
The Bank of Honduras and the Banco Atlantida issued the first lempira banknotes in 1932. They were in denominations of 1, 2, 5, 10 and 20 lempiras. The Central Bank of Honduras took over production of paper money in 1950, introducing 50 and 100 lempiras notes in 1950, followed by the 500-lempiras note in 1995.
Honduras is divided into 18 departments (Spanish: departamentos).Each department is headed by a governor, who is appointed by the President of Honduras.The governor represents the executive branch in the region in addition to acting as intermediary between municipalities and various national authorities; resolves issues arising between municipalities; oversees the penitentiaries and prisons in ...
the MAYA-1 linking the US, Mexico, Cayman Islands, Honduras, Costa Rica, Panama, and Colombia. Hondutel, created in 1976, is the state owned telecommunications company in Honduras. [7] The first cellular company in Honduras, Celtel (now Tigo), started operations in 1996.
It was formerly known as Spanish Honduras to differentiate it from British Honduras (now Belize). The country is bordered to the west by Guatemala, to the southwest by El Salvador, to the southeast by Nicaragua, to the south by the Pacific Ocean at the Gulf of Fonseca, and to the north by the Gulf of Honduras, a large inlet of the Caribbean Sea.