Central Banking

Honduras not ready to adopt dollar-central banker

HONDURAS - A large trade deficit and limited foreign currency reserves mean Honduras is not ready to follow in the footsteps of neighboring El Salvador and dollarize its economy, Central Bank President Victoria Asfura said on Apr 19.

Asfura spoke after recent comments by Costa Rican President Miguel Rodriguez, who said all of Central America could adopt a single currency and eventually convert to a dollarized regional economy.

El Salvador, a next-door neighbor of Honduras in Central America, ad