Lempira Department people who fought against the Spanish "conquistadores" in the early 16th century. Opals are mined near the town of Opatoro. The department covers a total surface area of 4,290 km² and, in 2005, had an estimated population of 277,910. Lempira Department Lempira is one of the 18 departments of Honduras, Central America, located in the western part of the country with borders with El Salvador. It was named Gracias department until 1943, and the departmental capital is Gracias. In colonial times, Gracias was an early important administrative center for the Spaniards. It eventually lost importance to Antigua, in Guatemala. Lempira
Monetary policy tools of monetary policy: open market operations, the discount rate and the reserve requirements. An important tool with which a central bank can affect the monetary base is open market operations, if its country has a well developed market for its government bonds. This entails managing the quantity of money in circulation through the buying and selling of various financial instruments, such as treasury bills, company bonds, or foreign currencies, in exchange for money on deposit at the central bank. Those deposits are convertible to currency, so all of these purchases or sales result in more or less base currency