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BCH Receives Funds to Strengthen Economy

November 5th, 2009 · No Comments

The Central Bank of Honduras (BCH) stated that it received an allocation of special drawing rights (SDRs) for 151.1 million dollars, which increases Honduras’ availability of net international reserves.  This operation is part of an initiative of 20 industrialized and emerging countries (G20) chaired by UK Prime Minister Gordon Brown, to help with the effects of the international financial crisis, and to support recovery of the global economy.  BCH will receive an additional allocation of 13.8 million dollars in the coming weeks as part of this strategy, aiming to strengthen the country’s reserves.

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Tags: Financial News · Honduran Business & Economics