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Nicaraguan Cordoba Devalued

ISSN:1089-1560
LADB Article ID: 075050
Category/Department: General
Date: Wednesday, April 20, 1988
By: Deborah Tyroler

On April 18, the Nicaraguan Central Bank announced that the country's new cordoba was devalued 10% as part of a gradual "currency adjustment policy." The Bank communique stated that the new exchange rate, effective April 18, is 11 cordobas per U...

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