San Francisco, Lempira San Francisco, Lempira San Francisco is a municipality in the Honduran department of Lempira. It is one of the furthest municipalities of the Lempira department in Honduras. The lands for this municipality were given away by the King of Spain, on 30 October 1692, composed of 2 titles, "Santa Maria Magdalena" and "San Lucas". In the census of 1791 it appears as part of "Curato de Cerquin". It was founded back in 1837 for the initiative of Captain Jeronimo Acosta. The church was built in 1856, a historical relic left by the Spanish colonist. But as it can be seen
Monetary policy of the Philippines including interest bearing notes and future fiscal surpluses that matter for price-level determination. In the absence of fiscal discipline, an independent central bank such as the BSP cannot guarantee a stable nominal anchor. In other words, for the BSP to successfully focus on price stability, there must be a credible commitment on the part of the National Government to reduce total fiscal deficits by a meaningful amount. Monetary policy of the Philippines Monetary policy is the monitoring and control of money supply by a central bank, such as the Federal Reserve Board in the United States of America, and the