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Nicaraguan Government Implements Fourth Currency Devaluation Of 1989

LADB Article ID: 073489
Category/Department: General
Date: Friday, February 17, 1989
By: Deborah Tyroler

On Feb. 15, the Nicaraguan government devalued the cordoba 15.6% to the dollar, marking the fourth such action of the year, and the ninth in the last 12 months. The current official exchange rate is 2,700 cordobas per dollar, compared to 2,200 b...

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