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 base typically result in a much larger increase in the supply of demand deposits through banks' loan-making; a ratio called the money multiplier. However, for those that do not agree with the theory of the money multiplier, the monetary base can be thought of as high-powered because of the fiscal multiplier instead. As of August 2018, the monetary base in the United States was USD $3,584,502,000,000 Monetary base In economics, the monetary base (also base money, money base, high-powered money, reserve money, outside money, central bank money or, in the UK, narrow money) in a country is defined as the portion