Valladolid, Lempira As the traveler approaches the municipality capital they go up a long section, this particular section is very dangerous because there are very deep cliffs. Some curves also need attention. One of the features of this municipality capital is the streets paved with rocks, since they did a very good job. The Pine forests all around give a special touch to the landscapes of the surrounding mountains. The people are very nice and welcoming. Valladolid, Lempira Valladolid is one of the municipalities of the Lempira department of Honduras. It takes about 2.5 hours to travel there and it must be
European Monetary System European Monetary System European Monetary System (EMS) was an arrangement established in 1979 under the Jenkins European Commission where most nations of the European Economic Community (EEC) linked their currencies to prevent large fluctuations relative to one another. After the demise of the Bretton Woods system in 1971, most of the EEC countries agreed in 1972 to maintain stable exchange rates by preventing exchange rate fluctuations of more than 2.25% (the European "currency snake"). In March 1979, this system was replaced by the European Monetary System, and the European Currency Unit (ECU) was defined. The basic elements of the arrangement