San Rafael, Lempira San Rafael, Lempira San Rafael is a municipality in the Honduran department of Lempira. It is one of the farthest municipalities of the Lempira department of Honduras. The best way to get to the municipality capital is via Santa Bárbara department, passing by El Nispero and San Jeronimo municipalities of this department. In the census of 1887 it appears with the name of "El Conal" village, of La Iguala municipality, and until 17 July 1900 it was granted the category of municipality, in the administration of President Terencio Sierra. To get to the municipality capital it is necessary to go
History of monetary policy in the United States rate is floating. If the exchange rate is pegged or managed in any way, the central bank will have to purchase or sell foreign exchange. These transactions in foreign exchange will have an effect on the monetary base analogous to open market purchases and sales of government debt; if the central bank buys foreign exchange, the monetary base expands, and vice versa. But even in the case of a pure floating exchange rate, central banks and monetary authorities can at best "lean against the wind" in a world where capital is mobile. Accordingly, the management of the exchange rate will