|Non-retail synthetic staples fibres yarn|
|Non-retail pure cotton yarn|
Honduras, officially the Republic of Honduras, is a republic in Central America. It was at times referred to as Spanish Honduras to differentiate it from British Honduras, which became the modern-day state of Belize. Honduras is bordered to the west by Guatemala, to the southwest by El Salvador, to the southeast by Nicaragua, to the south by the Pacific Ocean at the Gulf of Fonseca, and to the north by the Gulf of Honduras, a large inlet of the Caribbean Sea. Honduras was home to several important Mesoamerican cultures, most notably the Maya, prior to being conquered by Spain in the sixteenth century.
At the behest of the International Monetary Fund (IMF) and World Bank, Honduras began a process of financial liberalization in 1990. The process began with the freeing of agricultural loan rates and was quickly followed by the freeing of loan rates in other sectors. Beginning in late 1991, Honduran banks were allowed to charge market rates for agricultural loans if they were using their own funds. By law, the banks had to report their rates to monetary authorities and could fix rates within two points of the announced rate. In 1991 commercial banks pressured the government to reduce their 35 percent minimum reserve ratio.
|Agriculture||Bananas, coffee, citrus, corn, African palm, beef, timber & tilapia.|
|Manufacture||Woven and knit apparel, wood products, cigars, textiles & clothing|
|Services (Including financial)||57.8% (2013 estimate)|
|Empresa Nacional de Energia Electrica||Utilities|
|Elcosa||Energy & water|
|Cuyamel Fruit Company||Consumer goods|
|Aerocaribe de Honduras||Airline|
|Non-retail synthetic staples fibres yarn|
|Non-retail pure cotton yarn|
The Central American Stock Exchange aims to provide its member's facilities and mechanisms to facilitate relationships and transactions between supply and demand of securities; and promote the development of the securities market under the principles of security, transparency, and confidence, noting the best stock market practices. The BCV provides and maintains publicly available information on listed securities and exchange-traded, authorized issuers, brokerage, and trading. In Honduras, it’s known as “Bolsa Centroamericana de Valores”. The Central American Stock Exchange, SA, (BCV) is a private, commercial character that provides the location, physical facilities and the optimal conditions for the carrying out negotiations of securities, such as notes, bonds, certificates, titles, shares, repurchase, and others. The BCV is part of the Honduran financial system regulated by the National Banking and Insurance Commission (CNBS) and authorized by the Central Bank of Honduras (BCH) It is a corporation composed of 21 shareholders, with a share capital of TWENTY MILLION Lempiras (L.20, 000,000.00) The BCV is governed by the following organs: General Assembly of Members, Board of Directors, Executive Committee, Audit Committee and the Authority.
Honduras is a low middle-income country that faces major challenges, with more than 63 percent of the population living in poverty in 2014, according to official data. In rural areas, approximately six out of 10 households live in extreme poverty, or on less than US$2.50 per day.
The global economic crisis and Honduras’ dependence on the US has, however, restricted the country’s economic growth in recent years. Honduras’ real GDP growth rate declined from 6.3% in 2007 to 4% in 2008 and -3.1% in 2009.
Since the 2008-2009 global economic crisis, Honduras has experienced a moderate recovery, driven by public investments, exports, and higher remittances. In 2015, the country’s economy grew by 3.6 percent and is expected to grow by 3.5 percent in 2016.
Despite the favorable economic outlook, the country faces the highest level of economic inequality in Latin America. Another major challenge is the rampant crime and violence. Honduras has one of the world’s highest homicide rates (67 homicides per 100,000 inhabitants in 2014).
The the country is also vulnerable to external shocks. Its agricultural sector, for example, lost nearly one-third of its revenue over the past two decades, in part due to the declining prices of the country’s export crops, especially banana and coffee.
Additionally, Honduras is susceptible to adverse natural events such as hurricanes and droughts. Measures to mitigate the impact of these shocks focus on strengthening the adaptation capacity of households, expanding market-based risk management mechanisms, and developing effective social safety nets.
World Bank studies have highlighted the importance of improving the quality of education and diversifying sources of rural income given that most of the country’s poor live in rural areas and depend on agriculture for their livelihoods. Other studies have found that targeted social programs can potentially reduce poverty.
The 1912 elections were won by Manuel Bonilla, but he died after just over a year in office. Bertrand, who had been his vice president, returned to the presidency and in 1916 won election for a term that lasted until 1920. Between the years 1911 and 1920, Honduras saw relative stability. During this time, railroads expanded throughout Honduras and the banana trade grew rapidly. This stability, however, would prove to be difficult to maintain in the years following 1920. Revolutionary intrigues also continued throughout the period, accompanied by constant rumors that one faction or another was being supported by one of the banana companies. The development of the banana industry contributed to the beginnings of organized labor movements in Honduras and to the first major strikes in the nation's history. The first of these occurred in 1917 against the Cuyamel Fruit Company. The strike was suppressed by the Honduran military, but the following year additional labor disturbances occurred at the Standard Fruit Company's holding in La Ceiba. In 1920, a general strike hit the Caribbean coast. In response, a United States warship was dispatched to the area, and the Honduran government began arresting leaders. When Standard Fruit offered a new wage equivalent to US$1.75 per day, the strike ultimately collapsed. Labor troubles in the banana area, however, were far from ended.
Roberto Suazo Cordova
The lempira (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 honored 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 the U.S. dollar (the 20 centavos coin is called a daime as it was worth the same as a U.S. dime). As of June 11, 2015, the lempira was quoted at 21.93 HNL to 1 USD. The Bank of Honduras and the Banco Atlántida issued the first lempira banknotes in 1932. They were in denominations of 1, 2, 5, 10 and 20 lempiras. The Central Bank of Honduras took over production of paper money in 1950, introducing 50 lempiras notes in 1951. In 1975, 100 lempiras notes were added, followed by 500 lempiras in 1995. In January 2010, a new 20 Lempira note was introduced to market made by a polymer base, 60 million notes were issued.
The Honduran Lempira is named after a national hero from the 16th century. Lempira was the ruler of the Lenca tribe and led an unsuccessful local native resistance against the Spanish conquistador forces. He is honored on both the 1 lempira note and the 20 and 50 cent coins. The Lempira is generally the only currency accepted in Honduras, although the US Dollar is widely accepted on the touristic Bay Islands and businesses near main tourist resorts. The Honduran Lempira was introduced in 1931, replacing the Honduran Peso (which had, in turn, replaced the Honduran Real in 1862). In 1931, coins were introduced in denominations of 5, 20 and 50 centavos, and 1 lempira. 1, 2 and 10 centavo coins were added in 1935, 1939 and 1932 respectively. The Bank of Honduras issued the first banknotes in 1932, in denominations of 1, 2, 5, 10 and 20 Honduran Lempira. Silver 1 lempira coins ceased being minted in 1937, and other silver coins (20 and 50 centavos) became cupro-nickel in 1967. The Central Bank of Honduras took over the production of paper money in 1950, introducing 50 Honduran Lempira notes in 1951. In 1975, banknotes of 100 Honduran Lempira were added, followed by 500 Honduran Lempira in 1995.
The Honduran lempiras bear the images of some of the country’s most prominent historical figures, the most notable of which is Lempira himself on 1 lempira banknotes. Lempira was a 16th-century ruler of the indigenous Lencas who led his people’s resistance against the Spanish conquistadores. The 2-lempira coin features Marco Aurelio Soto, who is a former president of the country. The 5-lempira has Francisco Morazan, the hero of Battle of La Trinidad. Former president Jose Trinidad Cabañas is featured on the 10 lempira coin. Honduran liberal leader Dionisio de Herrera has his portrait on 20 lempira bills while Juan Manual Galvez, another former president has his own portrait on every 50-lempira.
|National Song||"Himno Nacional de Honduras"|
|Currency||Honduran lempira (HNL)|
|GDP / GDP Rank||43.174 Billion USD|
|GDP Growth Rate||3.6 Percent|
|GDP Per Captial||$5271.468 (PPP)|
< 1.0% Muslims
< 1.0% Hindus
< 1.0% Buddhists
< 1.0% Jews
< 1.0% Other Religions
Mestizo (Mixed Amerindian And European) 90%
President – Juan Orlando Hernández
|Website||Go to the web|
|Public Debt||45.396 Percent|
|Unemployment Rate||6.284 Percent|
|Labor Force (Occupation)||-|