Puerto Lempira Puerto Lempira Puerto Lempira is the capital of the Gracias a Dios department in northeastern Honduras, located on the shores of the Caratasca Lagoon. Though it does not have paved roads, it is the largest town in the La Mosquitia region. The town is named for the 16th century leader of the indigenous Lenca peoples, Lempira, who directed an ultimately unsuccessful resistance against the Spanish "conquistador" forces in the 1530s. Puerto Lempira became the departmental capital in 1975, prior to which it was Brus Laguna. In the 1980s, the town became a centre for CIA operations against the Sandinistas. Its
Monetary policy of the Philippines including interest bearing notes and future fiscal surpluses that matter for price-level determination. In the absence of fiscal discipline, an independent central bank such as the BSP cannot guarantee a stable nominal anchor. In other words, for the BSP to successfully focus on price stability, there must be a credible commitment on the part of the National Government to reduce total fiscal deficits by a meaningful amount. Monetary policy of the Philippines Monetary policy is the monitoring and control of money supply by a central bank, such as the Federal Reserve Board in the United States of America, and the