Lempira (Lenca ruler) Lempira (Lenca ruler) Lempira was a war chieftain of the Lencas of western Honduras in Central America during the 1530s, when he led resistance to Francisco de Montejo's attempts to conquer and incorporate the region into the province of Honduras. Mentioned as "Lempira" in documents written during the Spanish conquest, he is regarded by the people as a warrior hero. Jorge Lardé y Larín argues that the name "Lempira" comes from the word "lempira," derived from words of the Lenca language: "lempa", meaning "lord" as a title of hierarchy, "i" meaning "of", and "era", meaning "hill or mountain". Thus, Lempira,
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