EMFA I

BASE MONETARIA 1/ r/

Saldos en millones de lempiras

Restringida
Pasivos frente a otras
Pasivos frente a otras sociedades de depósito de
sociedades de depósito de
Billetes y Base encaje legal (ME)
encaje legal (MN)
Año/Mes monedas en Depósitos monetaria Depósitos
circulación Valores restringida Otros depósitos Valores
transferibles transferibles

(1) (2) (3) (4)=(1 al 3) (5) (6) (7)

Dec-01 6,375.1 2,578.4 835.9 9,789.4 1,520.6 0.0 0.0
Jan-02 5,405.8 2,728.2 881.7 9,015.8 1,571.6 0.0 0.0
Feb-02 5,579.2 3,104.6 854.2 9,538.0 1,611.5 0.0 0.0
Mar-02 6,031.7 3,081.6 904.5 10,017.9 1,674.7 0.0 0.0
Apr-02 5,451.6 3,153.8 876.4 9,481.8 1,623.3 0.0 0.0
May-02 5,423.3 3,746.8 928.5 10,098.7 1,681.5 0.0 0.0
Jun-02 5,765.0 3,749.8 974.4 10,489.2 1,677.7 0.0 0.0
Jul-02 5,455.9 3,486.3 605.5 9,547.7 1,735.6 0.0 0.0
Aug-02 5,424.7 3,515.6 518.8 9,459.0 1,729.6 0.0 0.0
Sep-02 5,331.9 3,447.6 8.1 8,787.6 1,737.1 0.0 0.0
Oct-02 5,321.2 3,191.7 7.1 8,520.0 1,772.8 0.0 0.0
Nov-02 5,653.8 3,439.2 0.9 9,093.9 1,776.1 0.0 0.0
Dec-02 6,985.2 4,006.2 0.0 10,991.4 1,939.0 0.0 0.0
Jan-03 6,014.4 4,192.4 0.0 10,206.9 1,916.6 0.0 0.0
Feb-03 6,082.2 3,527.3 0.0 9,609.5 1,911.0 0.0 0.0
Mar-03 6,265.4 3,534.4 0.0 9,799.8 1,961.8 0.0 0.0
Apr-03 6,305.6 3,798.2 0.0 10,103.7 1,927.4 0.0 0.0
May-03 5,987.2 3,169.7 0.0 9,156.9 2,003.5 0.0 0.0
Jun-03 6,508.5 3,609.7 0.0 10,118.2 1,997.7 0.0 0.0
Jul-03 6,103.6 3,318.9 0.0 9,422.5 2,026.1 0.0 0.0
Aug-03 6,118.6 3,424.2 0.0 9,542.8 2,008.5 0.0 0.0
Sep-03 6,029.3 3,418.8 0.0 9,448.1 2,091.1 0.0 0.0
Oct-03 6,081.5 3,283.5 0.0 9,364.9 2,140.0 0.0 0.0
Nov-03 6,407.3 3,171.5 0.0 9,578.8 2,181.3 0.0 0.0
Dec-03 8,056.1 3,888.5 0.0 11,944.6 2,208.1 0.0 0.0
Jan-04 6,958.9 3,471.3 0.0 10,430.2 2,169.7 0.0 0.0
Feb-04 7,200.3 4,024.2 0.0 11,224.5 2,260.0 0.0 0.0
Mar-04 7,288.6 3,937.8 0.0 11,226.4 2,392.4 0.0 0.0
Apr-04 7,165.0 4,358.2 0.0 11,523.2 2,347.3 0.0 0.0
May-04 7,050.2 3,821.4 0.0 10,871.6 2,270.6 0.0 0.0
Jun-04 7,649.7 4,396.7 0.0 12,046.4 2,326.7 0.0 0.0
Jul-04 7,277.3 3,926.3 0.0 11,203.6 2,400.1 0.0 0.0
Aug-04 7,144.1 3,915.4 0.0 11,059.5 2,375.6 0.0 0.0
Sep-04 6,996.1 4,319.2 468.2 11,783.5 2,370.3 0.0 224.2
Oct-04 7,212.2 4,117.7 424.2 11,754.1 2,353.9 0.0 214.7
Nov-04 7,574.8 4,521.5 829.4 12,925.7 2,440.8 0.0 377.6
Dec-04 9,379.2 4,445.2 850.8 14,675.2 2,671.0 0.0 443.6
Jan-05 8,475.2 4,310.7 877.4 13,663.3 2,683.0 0.0 450.0
Feb-05 8,789.8 4,366.8 897.4 14,054.0 2,789.7 0.0 460.5
Mar-05 8,837.4 4,597.2 916.7 14,351.3 2,636.6 0.0 464.3
Apr-05 8,578.1 4,533.5 934.5 14,046.1 2,777.9 0.0 479.7
May-05 8,361.4 4,370.5 933.4 13,665.3 2,763.7 0.0 463.8
Jun-05 8,943.3 4,216.6 961.9 14,121.7 2,804.4 0.0 476.9
Jul-05 8,653.1 4,180.8 980.7 13,814.7 2,675.5 0.0 469.3
Aug-05 8,467.5 4,318.5 998.5 13,784.5 2,678.2 0.0 479.4
Sep-05 8,584.3 4,893.6 967.7 14,445.7 2,666.6 0.0 471.1
Oct-05 8,892.1 4,565.7 528.4 13,986.2 2,689.6 0.0 471.9
Nov-05 9,386.8 4,581.1 0.7 13,968.7 2,802.5 0.0 488.5
Dec-05 11,113.4 5,329.3 0.0 16,442.7 2,848.9 0.0 399.7
Jan-06 10,411.7 5,484.5 0.0 15,896.1 2,791.6 0.0 0.0
Feb-06 10,460.8 4,951.7 0.0 15,412.5 2,927.2 0.0 0.0
Mar-06 10,470.7 5,242.6 0.0 15,713.3 2,905.0 0.0 0.0
Apr-06 10,423.0 5,309.2 0.0 15,732.2 2,893.1 0.0 0.0
May-06 10,146.0 5,497.8 0.0 15,643.8 2,962.0 0.0 0.0
Jun-06 10,810.5 4,974.3 0.0 15,784.8 2,963.2 0.0 0.0
Jul-06 10,422.5 5,074.8 0.0 15,497.3 3,094.9 0.0 0.0
Aug-06 10,135.4 5,875.6 0.0 16,011.0 3,095.8 0.0 0.0
Sep-06 10,082.3 5,978.5 0.0 16,060.9 3,212.4 0.0 0.0
Oct-06 10,467.5 6,370.2 0.0 16,837.7 3,166.6 0.0 0.0
Nov-06 10,947.7 6,502.8 0.0 17,450.5 3,211.9 0.0 0.0
Dec-06 13,592.6 6,133.7 0.0 19,726.3 3,204.3 0.0 0.0
Jan-07 11,949.1 5,861.9 0.0 17,811.0 3,306.5 0.0 0.0
Feb-07 12,501.5 6,390.7 0.0 18,892.2 3,192.5 0.0 0.0
Mar-07 13,090.2 6,034.2 0.0 19,124.4 3,305.1 0.0 0.0
Apr-07 12,511.0 6,225.0 0.0 18,736.0 3,358.6 0.0 0.0
May-07 12,161.9 6,715.5 0.0 18,877.4 3,357.5 0.0 0.0
Jun-07 12,964.0 7,625.6 3,101.7 23,691.3 3,458.9 0.0 0.0
Jul-07 12,454.6 7,038.1 3,148.1 22,640.7 3,496.2 0.0 0.0
Aug-07 12,305.1 6,613.5 3,274.5 22,193.2 3,511.5 0.0 0.0
Sep-07 12,517.2 7,234.0 3,228.9 22,980.1 3,384.7 0.0 0.0
Oct-07 12,669.5 6,972.1 2,869.4 22,511.1 3,426.8 0.0 0.0
Nov-07 13,397.7 7,431.2 2,454.4 23,283.3 3,344.3 0.0 0.0
Dec-07 16,362.5 7,745.4 2,255.1 26,363.0 3,616.5 0.0 0.0
Jan-08 14,355.6 6,840.9 2,376.6 23,573.1 3,697.4 0.0 0.0
Feb-08 15,067.8 7,535.6 3,493.5 26,096.8 3,721.7 0.0 0.0
Mar-08 15,348.4 7,556.4 3,901.2 26,806.0 3,835.7 0.0 0.0
Apr-08 14,811.3 7,113.3 4,365.3 26,289.9 4,141.0 0.0 0.0
May-08 14,340.6 7,267.9 5,582.3 27,190.8 4,348.0 0.0 0.0
Jun-08 15,074.9 6,890.5 6,564.9 28,530.3 4,350.3 0.0 0.0
Jul-08 14,344.1 5,917.2 6,300.2 26,561.5 4,404.7 0.0 0.0
Aug-08 14,175.5 6,642.3 6,361.8 27,179.6 4,487.9 0.0 0.0
Sep-08 14,034.7 6,663.2 6,240.2 26,938.2 4,346.8 0.0 0.0
Oct-08 13,945.7 5,895.9 6,289.7 26,131.4 4,493.6 0.0 0.0
Nov-08 13,926.0 5,058.7 6,469.9 25,454.6 4,557.9 0.0 0.0
Dec-08 16,468.4 6,893.2 6,829.0 30,190.6 4,502.3 0.0 0.0
Jan-09 14,409.9 10,031.3 6,915.9 31,357.1 4,488.2 0.0 0.0
Feb-09 14,463.7 10,339.8 7,359.5 32,162.9 4,289.5 0.0 0.0
Mar-09 14,587.9 11,822.4 7,422.8 33,833.1 4,471.6 0.0 0.0
Apr-09 14,362.1 14,691.9 7,517.1 36,571.1 4,679.4 0.0 918.7
May-09 13,852.8 12,767.7 7,108.4 33,729.0 5,021.3 0.0 1,590.5
Jun-09 15,019.6 11,251.9 7,307.3 33,578.8 5,013.5 0.0 2,445.4
Jul-09 15,057.5 6,679.0 6,806.4 28,543.0 4,837.3 0.0 2,357.7
Aug-09 14,457.8 4,357.9 6,442.9 25,258.6 4,857.2 0.0 3,052.4
Sep-09 14,301.2 4,349.9 6,469.1 25,120.1 4,990.5 0.0 3,133.8
Oct-09 14,212.6 3,809.5 5,919.8 23,942.0 4,861.0 0.0 3,929.7
Nov-09 14,632.9 4,899.9 6,025.8 25,558.6 5,147.0 0.0 3,944.4
Dec-09 17,705.7 4,787.8 5,964.9 28,458.4 5,587.1 0.0 4,030.7
Jan-10 16,000.7 4,555.5 6,180.8 26,737.1 5,529.6 0.0 4,094.7
Feb-10 15,810.1 4,462.8 5,713.2 25,986.2 5,651.8 0.0 4,242.6
Mar-10 16,571.1 6,455.3 6,010.2 29,036.6 6,238.1 0.0 4,384.0
Apr-10 14,990.0 3,896.4 6,062.8 24,949.2 5,597.1 0.0 4,363.4
May-10 14,754.3 3,899.8 5,960.2 24,614.3 5,843.9 0.0 4,303.6
Jun-10 15,513.1 3,613.6 5,881.6 25,008.3 5,466.0 0.0 4,366.4
Jul-10 14,676.8 3,753.8 5,867.3 24,298.0 5,432.6 0.0 4,339.2
Aug-10 14,431.4 3,457.2 6,015.9 23,904.4 5,510.1 0.0 4,478.1
Sep-10 14,156.4 3,667.2 5,536.6 23,360.2 5,268.7 0.0 4,364.1
Oct-10 14,568.1 3,511.8 5,615.8 23,695.7 5,431.8 0.0 4,342.4
Nov-10 15,692.2 3,797.7 5,545.4 25,035.2 5,255.9 0.0 4,257.9
Dec-10 19,933.2 6,206.7 5,852.9 31,992.8 5,188.1 0.0 4,336.1
Jan-11 18,711.3 4,682.6 6,885.0 30,278.8 5,420.9 0.0 4,436.0
Detalla los distintos componentes de la base monetaria restringida y amplia.
Notas:
1/ Los distintos componentes de la base monetaria restringida y amplia fueron parte de los acuerdos de armonización regiona
r/ Cifras revisadas a diciembre de cada año y en forma mensual a partir de enero de 2009.
 CUADRO III.1
MONETARIA 1/ r/

millones de lempiras
Amplia
Depósitos y valores otros
Otros pasivos frente a otras sociedades de depósito a corto plazo
sectores Base
Otros depósitos Otros valores monetaria
(MN) (ME) amplia
(MN) (ME) (MN) (ME)

(8) (9) (10) (11) (12) (13) (14)= (4 al 13)

207.1 15.3 1,188.0 1,282.6 3,285.2 245.5 17,533.7
277.7 30.3 1,330.8 1,468.3 3,052.6 299.1 17,046.2
241.9 32.7 1,308.1 1,455.8 3,127.7 341.3 17,657.1
172.1 33.3 1,492.6 1,538.5 3,023.9 407.3 18,360.1
277.2 34.2 1,580.5 1,395.2 3,336.3 1,737.1 19,465.5
198.3 35.7 1,980.8 312.6 3,078.4 2,660.5 20,046.6
229.9 37.1 2,467.2 1,321.4 2,989.3 1,761.8 20,973.6
332.9 31.7 3,079.4 1,378.9 3,449.4 1,467.2 21,022.9
311.6 33.3 3,160.8 1,342.3 3,452.9 722.5 20,212.0
336.1 34.2 3,214.6 1,321.1 3,699.1 1,160.4 20,290.1
324.0 25.6 3,052.8 1,239.8 4,049.6 402.8 19,387.4
313.0 24.1 2,876.4 1,214.4 3,675.2 427.3 19,400.3
246.1 23.1 3,075.7 1,251.3 3,585.2 342.3 21,454.1
346.4 24.4 3,454.4 1,184.3 3,433.4 350.2 20,916.7
366.5 19.6 3,748.8 1,139.1 3,377.4 352.7 20,524.6
420.4 19.7 3,991.0 963.9 3,479.5 368.2 21,004.3
390.1 20.4 3,898.8 832.1 3,738.3 488.3 21,399.1
254.0 20.9 3,994.3 723.5 4,059.8 496.3 20,709.2
416.6 21.1 3,846.9 805.5 4,193.4 364.9 21,764.4
387.7 22.0 4,014.1 786.0 4,400.0 382.0 21,440.4
289.0 22.7 3,739.2 824.6 4,050.7 414.8 20,892.3
466.0 22.8 3,563.4 829.5 4,382.0 439.7 21,242.5
398.3 25.7 3,334.1 767.6 4,468.0 363.8 20,862.4
401.6 26.1 3,098.4 749.2 4,685.5 327.2 21,048.2
296.6 28.1 2,939.8 752.6 4,007.5 332.0 22,509.4
391.8 28.2 3,226.8 825.5 3,769.0 297.6 21,138.8
319.4 39.5 3,207.2 837.2 3,785.3 349.7 22,022.8
444.5 19.4 3,866.4 771.8 4,125.2 346.8 23,192.9
486.3 24.9 4,058.6 647.1 4,154.6 275.2 23,517.0
525.4 25.0 4,044.5 606.5 4,040.8 277.3 22,661.7
367.5 17.8 4,632.9 693.8 4,205.8 307.7 24,598.7
409.7 17.7 5,488.1 712.4 4,142.1 301.0 24,674.6
435.8 50.4 5,814.2 669.7 4,339.0 321.8 25,066.0
 441.8 11.9 5,564.2 723.7 4,748.3 357.1 26,224.9
426.8 10.1 5,238.4 723.7 4,494.0 380.5 25,596.1
517.9 10.8 4,780.2 825.3 4,596.2 367.4 26,841.9
220.6 9.0 5,613.0 830.0 4,849.7 463.2 29,775.4
347.9 9.0 6,241.6 748.6 4,632.7 399.2 29,175.4
397.4 9.5 6,921.5 531.9 4,946.6 538.9 30,650.2
701.7 9.2 7,150.9 556.8 5,529.0 481.4 31,881.2
619.7 7.8 8,196.9 533.5 4,937.6 488.3 32,087.5
566.6 7.8 7,894.4 453.2 5,075.8 467.0 31,357.7
833.3 7.8 8,893.0 393.8 5,085.4 528.2 33,144.6
785.7 7.9 8,894.7 359.1 5,314.4 550.0 32,871.3
803.9 7.9 8,861.4 347.6 5,059.8 578.0 32,600.6
680.1 7.9 9,367.4 254.4 5,061.8 574.9 33,529.9
727.6 7.9 10,208.2 227.6 5,408.0 594.5 34,321.5
1,307.8 8.6 11,120.1 67.3 5,472.8 609.4 35,845.7
889.6 8.7 11,901.2 14.2 5,628.0 605.2 38,738.2
1,621.9 8.8 12,596.2 0.0 5,592.6 610.9 39,118.1
1,488.9 8.9 13,399.8 0.0 5,585.8 623.9 39,447.0
2,069.4 9.0 14,422.1 0.0 5,587.3 641.9 41,347.9
3,020.7 9.0 14,852.6 0.0 5,583.5 602.9 42,694.0
906.0 9.1 14,785.7 0.0 6,054.4 521.0 40,881.9
3,085.7 9.2 15,435.0 0.0 5,634.6 502.1 43,414.6
925.3 9.2 15,408.6 0.0 5,944.5 526.4 41,406.2
974.9 9.3 14,996.9 0.0 6,541.6 543.2 42,172.8
633.0 9.4 14,615.6 0.0 6,095.6 333.4 40,960.3
325.2 0.4 12,944.0 0.0 5,872.9 358.8 39,505.6
729.5 0.4 12,451.9 0.0 5,712.9 335.1 39,892.1
1,114.6 0.4 13,117.9 0.0 6,046.4 319.6 43,529.6
914.8 1.8 13,472.5 0.0 6,065.3 278.7 41,850.7
740.3 6.6 13,951.8 0.0 6,459.1 319.9 43,562.4
931.2 6.6 14,051.6 0.0 6,311.7 342.7 44,073.4
1,018.3 0.9 14,338.2 0.0 6,121.5 322.7 43,896.3
778.9 1.2 12,674.7 0.0 6,194.0 319.6 42,203.4
728.7 1.2 11,572.6 0.0 5,608.9 281.2 45,342.8
926.6 1.2 10,307.0 0.0 5,326.0 363.0 43,060.8
864.8 1.2 9,882.1 0.0 4,887.5 355.6 41,695.9
868.1 1.2 9,450.3 0.0 4,417.4 357.4 41,459.2
581.1 2.0 9,124.6 0.0 4,188.6 234.1 40,068.3
777.7 2.0 8,816.5 0.0 3,881.5 228.2 40,333.4
502.9 2.0 8,842.9 0.0 3,953.2 202.1 43,482.6
934.3 2.0 8,691.8 0.0 3,655.8 202.0 40,756.4
1,095.9 2.0 8,085.3 0.0 3,432.9 199.6 42,634.2
1,605.0 0.1 8,057.3 0.0 3,298.1 190.8 43,792.9
1,745.3 0.1 8,159.1 0.0 3,492.1 1,162.3 44,989.8
1,037.7 0.1 6,490.1 131.0 3,061.7 1,140.6 43,399.9
 1,098.2 0.0 6,419.9 131.4 3,162.4 1,094.7 44,787.1
1,216.4 0.0 5,433.3 131.3 3,179.3 1,207.2 42,133.8
558.4 0.0 4,927.4 242.1 2,996.8 1,151.1 41,543.2
580.8 0.0 4,293.4 244.1 3,241.3 1,140.6 40,785.3
1,157.0 0.0 4,307.5 244.0 3,196.9 992.5 40,522.9
1,544.1 0.0 5,623.4 0.0 3,378.6 696.9 41,255.5
363.2 0.0 5,286.1 0.0 2,926.0 704.2 43,972.4
347.3 0.0 4,145.0 94.5 3,004.6 717.8 44,154.6
469.0 0.0 3,357.1 1,217.7 2,430.8 911.2 44,838.2
601.8 0.0 2,334.1 1,861.6 2,728.7 976.2 46,807.1
389.7 0.0 1,217.9 1,248.6 2,281.8 821.4 48,128.6
557.7 0.0 1,750.7 1,620.5 2,297.1 839.9 47,406.6
487.7 0.0 2,194.8 1,810.7 2,044.2 971.5 48,546.6
492.2 0.0 3,735.6 1,452.2 1,402.5 1,299.5 44,119.9
945.2 0.0 3,207.6 1,557.7 1,961.3 1,203.7 42,043.7
1,379.2 0.0 3,635.1 1,731.6 1,544.4 1,193.2 42,728.0
2,056.9 0.0 3,238.7 1,741.1 1,921.5 1,183.6 42,874.3
550.9 0.0 3,943.7 1,832.0 1,331.6 1,027.6 43,335.8
344.7 0.0 4,879.4 1,841.7 1,390.0 851.5 47,383.5
3,261.0 0.0 3,365.9 1,995.0 1,307.5 866.1 47,156.8
2,721.0 0.0 6,053.7 2,012.4 2,030.3 468.5 49,166.3
337.3 0.0 7,686.4 1,881.3 2,781.0 518.3 52,863.0
2,467.1 0.0 9,492.8 1,606.5 2,721.6 348.0 51,545.7
2,342.3 0.0 9,935.8 1,653.8 2,894.6 374.7 51,962.9
4,148.3 0.0 12,261.0 1,695.3 2,831.7 392.4 56,169.4
2,421.7 0.0 12,919.2 1,650.0 2,801.6 196.7 54,059.0
1,499.1 0.0 13,063.0 1,678.3 2,783.4 472.0 53,388.5
3,677.1 0.0 11,498.3 2,179.5 2,832.5 716.2 53,896.5
2,197.0 0.0 12,917.0 2,237.1 2,617.0 741.8 54,179.7
1,536.9 0.0 14,350.7 2,138.3 3,207.1 694.7 56,476.7
250.4 0.0 16,271.4 2,180.9 2,732.3 696.3 63,648.2
3,254.6 0.0 16,439.1 1,906.2 3,161.7 709.7 65,607.1

cuerdos de armonización regional para esta variable financiera que sustenta la expansión del dinero y del crédito.