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Nicaragua: More Austerity Measures

ISSN:1089-1560
LADB Article ID: 073544
Category/Department: General
Date: Wednesday, February 8, 1989
By: Deborah Tyroler

On Feb. 6, Nicaragua's Central Bank devalued the cordoba by 18%, bringing the official exchange rate to 2,700 cordobas per dollar. Monday's action marked the third devaluation thus far in 1989. The Nicaraguan Energy Institute raised fuel prices ...

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