Honduran lempira explained

Local Name:lempira hondureño
Replaced Currency:Honduran peso
Local Name Lang:es
Image 1:File:200 lempira bill.png
Image Title 1:200 lempira banknote
Iso Code:HNL
Date Of Introduction:1931
Using Countries: Honduras
Inflation Rate:7.7%
Inflation Source Date:Central Bank of Honduras, June 2011.
Subunit Name 1:centavo
Symbol:L
Used Coins:5, 10, 20, 50 centavos
Used Banknotes:L1, L2, L5, L10, L20, L50, L100, L200, L500
Printer:[1]
Issuing Authority:Central Bank of Honduras

The lempira (sign: L, ISO 4217 code: HNL;pronounced as /es/) is the currency of Honduras. It is subdivided into 100 centavos.[2]

Etymology

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 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.

History

The lempira was introduced in 1931, replacing the peso at par. In the late 1980s, the exchange rate was two lempiras to the United States dollar (the 20-centavos coin is called a daime as it was worth the same as a U.S. dime). As of April 4, 2022, the lempira was quoted at 24.40 HNL to US$1.[3]

Coins

In 1931, coins were introduced in denominations of 5, 20 & 50 centavos, and 1 lempira. One, 2 and 10 centavos coins were added in 1935, 1939 and 1932, respectively. The silver 1 lempira coins ceased production in 1937, with the other silver coins (20 & 50 centavos) replaced by cupro-nickel in 1967. The 1 and 2 centavos coins were last minted in 1998 and 1974, respectively.

Coins of the following denominations are currently legal tender.[4] However as of 2024 coins are only very rarely used for payments. In practice only banknotes are used.

Banknotes

The Bank of Honduras and the Banco Atlantida 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 and 100 lempiras notes in 1950, followed by the 500-lempiras note in 1995.

In January, 2010, a new 20-lempira note was introduced to market made by a polymer base, 60 million notes were issued.[5]

In celebration of the Bicentennial anniversary of Honduras's independence, a new 200 lempira bill was issued.[6] It features 2 scarlet macaws, the national bird of Honduras.[7]

Banknotes in circulation are[8] [9]

Image New Value Color Dimensions Obverse Reverse
L1Red156 × 67 mmLempiraCopán
L2PurpleMarco Aurelio SotoAmapala
L5GrayFrancisco MorazánBattle of La Trinidad
L10BrownJosé Trinidad CabañasUniversidad Nacional Autónoma de Honduras
L20GreenDionisio de HerreraPresidential palace
L50BlueJuan Manuel GálvezCentral Bank of Honduras
L100OrangeJosé Cecilio del ValleCasa Valle
L200Turquoise2 Scarlet MacawsBanco Central de Honduras
L500VioletRamón RosaSan Juancito

See also

External links

Notes and References

  1. Web site: 30 million banknotes for Honduras .
  2. Web site: 2021-05-14. Currencies Of The World. 2022-02-03. WorldAtlas. en-US.
  3. Web site: Unidas. Radio HRN-Del Grupo Emisoras. La devaluación del lempira no solo perfora las finanzas, analistas explican las repercusiones. 2022-02-05. Radio HRN - Del Grupo Emisoras Unidas. es.
  4. Web site: Banco Central de Honduras, Gobierno de la Republica de Honduras. 24 April 2024.
  5. Web site: Archived copy . 2010-04-26 . dead . https://web.archive.org/web/20110606014132/http://www.elheraldo.hn/Econom%C3%ADa/Ediciones/2010/01/13/Noticias/Emiten-1-200-millones-en-billetes-de-20-lempiras . 2011-06-06 .
  6. https://presidencia.gob.hn/press/blog-node/bch-lanza-innovadora-aplicaci%C3%B3n-tecnol%C3%B3gica-para-el-nuevo-billete-de-200-lempiras#:~:text=El%20presidente%20del%20BCH%20destac%C3%B3,Bicentenario%20de%20Independencia%22%2C%20explic%C3%B3 .
  7. Web site: seguir. Redacción Autor marcado para. Billete de 200 lempiras viene a facilitar las transacciones en el comercio. 2021-10-19. www.laprensa.hn. es-HN.
  8. Web site: Banco Central de Honduras, Gobierno de la Republica de Honduras. Francisco Javier Morazán Matute, Henri López, Mario. Bonilla. Bch.hn. 4 October 2017. 10 June 2020. https://web.archive.org/web/20200610195507/https://www.bch.hn/billetes.php. dead.
  9. Web site: Del trueque a la moneda: hitos de la evolución monetaria en Honduras. 2022-02-03. Diario El Heraldo. es-HN.