The peso was the currency

Currency

In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...

 of Honduras

Honduras

Honduras is a republic in Central America. It was previously known as Spanish Honduras to differentiate it from British Honduras, which became the modern-day state of Belize...

 between 1862 and 1931.

History

The peso replaced the real

Honduran real

The real was the currency of Honduras until 1862. Before 1824, the Spanish colonial real circulated, followed by the Central American Republic real. Sixteen silver reales equalled one gold escudo....

 at a rate of 1 peso = 8 reales. Initially, the peso was subdivided into 8 reales. In 1871, the currency was decimalized, with the peso subdivided into 100 centavos. The peso was replaced in 1931 by the lempira

Honduran lempira

The lempiras is the currency of Honduras. It is subdivided into 100 centavos. The lempira was named after the 16th-century cacique Lempira, a ruler of the indigenous Lenca people, who is renowned in Honduran folklore for leading the local native resistance against the Spanish conquistador forces...

at par.

Coins

The first coin issues in 1862 were a provisional copper coinage in denominations of 1, 2, 4 and 8 pesos. This was followed between 1869 and 1871 by a cupro-nickel coinage in denominations of ⅛, ¼, ½ and 1 real.

Silver 5, 10, 25 and 50 centavos and gold 1 peso coins were introduced that in 1871 following decimalization. Bronze 1 centavo coins were introduced in 1878, with bronze 2 centavos and silver 1 pesos added in 1881. Gold 5, 10 and 20 pesos coins were introduced between 1883 and 1889.

Banknotes

In 1886, the Aguan Navigation and Improvement Company issued its first paper money. The Banco Centro-Americano began note production in 1888, followed by the Honduran government in 1889, with several more banks issuing notes later. Denominations ranged between 50 centavos and 100 pesos.