Lempira (Lenca ruler) Honduran historian Mario Felipe Martínez Castillo discovered a very different account of Lempira in a document entitled "Méritos y Servicios: Rodrigo Ruiz, Nueva España", written in 1558 in Mexico City. The manuscript is located in the Archivo General de Indias in Seville, Spain. That document, Patronato 69 R.5, tells the story of Rodrigo Ruiz and his service in the conquest of Honduras under Francisco Montejo. It includes his account of killing Lempira. The document is in the form of a series of questions, answered by witnesses to the services which Rodrigo Ruiz gave to the Spanish King. It is his
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