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Historical Outline of the Central Bank of Honduras

A pillar of the economy

From the series of events in political, economic and social, three important events in his time marked the beginning of a new stage in the process of economic development: the establishment of liberal reforms, the creation of our monetary unit, Lempira, April 3, 1926 and entry into service in the 1930s and the founding of the Central Bank of Honduras the first of July 1950 which led to the nationalization of the means of payment and the reorientation of monetary policy, exchange and credit of the Republic.

The Central Bank of Honduras was established on February 3, 1950, by Legislative Decree no. 53, and began operations the first of July of that same year, under the ownership of the Attorney Roberto Ramirez, in an opening ceremony chaired by Dr. Juan Manuel Gálvez, President of the Republic.

This effort of the Government represented a breakthrough on the special situation prevailing at that època, in which there were only two banks partially covering the financial activities of Tegucigalpa, San Pedro Sula and La Ceiba as well, although the National Congress had already approved Lempira as the official currency, the Government had failed to monetary institutions as skipper until the founding of the BCH.

Thus, the 1950 Act was the fundamental basis for the BCH will serve as a pillar of the Honduran economy. Subsequently, 46 years later, on December 17, 1996, the National Congress, through Decree no. 228-96, approved a package of reforms to that law to enable the institution to bring its to do with the conditions and requirements of the current financial market. The latest amendments to the Law of the BCH, are aimed at strengthening the autonomy and independence of the highest monetary authority, to enable it to fulfil the new role that society, through the Legislature, has given him.

Team Professionals
Empleados BCH

The BCH is governed by the Act and regulations that dictate its index, collegial body with strictly professional and technical functions of central banking. This upper body, which serves full time in the institution, which is determined and manages monetary policy, exchange and credit of the State. To accomplish its mission, the BCH has a team of highly trained professionals, educated and trained through their years of institutional life, whose efforts have contributed to the strength, prestige and credibility of the institution, both nationally and internationally.

Cultural and Vocation Training
Foto Edificio BCH - Fotográfo - Victor Castro

In addition to the tasks set forth in the Act, the Central Bank of Honduras since its inception has complemented its important tasks with an intense cultural and educational work. With this intention, between 1993 and 1994 in the BCH opened its annex building of Comayaguela, the Pinacoteca "Arthur H. Medrano, "Auditorium" Tom Cálix Moncada "and the Library" Roberto Ramirez "specializing in the areas of Economy, Currency, Banking and Finance.

Another activity in which the BCH has felt its cultural vocation is the continued publication of books which record the thoughts of renowned national and foreign writers, editions that have enriched the literature of the country.

Additionally, the BCH along its five decades has supported the formation of several physical and artistic cultural venues in the country, as in the donation of educational materials to public education, issuance of commemorative coins and a series of works and events , Which would undoubtedly have strengthened the cultural heritage of the Honduran family.

Pie de Página BCH

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Banco Central de Honduras - DR 2008