Honduran lempira Honduran lempira The lempira (, sign: L, ISO 4217 code: HNL) is the currency of Honduras. It is subdivided into 100 centavos. The lempira was named after the 16th-century "cacique" Lempira, a ruler of the indigenous Lenca people, who is renowned in Honduran folklore for leading the (ultimately unsuccessful) local native resistance against the Spanish "conquistador" forces. He is a national hero, and is honoured on both the 1 lempira note and the 20 and 50 centavos coins. The lempira was introduced in 1931, replacing the peso at par. In the late 1980s, the exchange rate was two lempiras to
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