DEFINITION of 'HNL (Honduran Lempira)'

The currency abbreviation or currency symbol for the Honduran lempira (HNL), the currency for Honduras. The lempira is made up of 100 centavos and is often presented with the symbol L. The lempira is named after the 16th-century Honduran ruler who fought against Spanish rule.

BREAKING DOWN 'HNL (Honduran Lempira)'

The lempira was first seen in 1931, where it superseded the peso. It was valued at 2:1 against the dollar in the 1980s, but since then has dropped to about 5:1. The current coin denominations are 5, 10, 20 and 50 centavos. Banknotes were introduced in 1950 and currently exist in denominations of: L1, L2, L5, L10, L20, L50, L100 and L500.

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