The Honduran monetary unit is known as the lempira. However, there are several synonyms for this currency, which include the "L," named after the first letter in the currency's name, and the "HNL," which is the three-letter currency code used in financial transactions. Other synonyms include the Honduran lempira, lemps, and lempa. The lempira has been the official currency of Honduras since 1931 and is issued by the Central Bank of Honduras. It is the only legal tender currency in Honduras, and it is widely used in commerce, trade, and tourism. The lempira is also used as a store of value and a means of savings for many Hondurans.