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Nicaragua Implements Fifth Currency Devaluation Of 1989

LADB Article ID: 073426
Category/Department: General
Date: Friday, February 24, 1989
By: Deborah Tyroler

On Feb. 23, the Nicaraguan central bank devalued the cordoba by 18.7%, marking the fifth devaluation for the year. According to bank spokespersons, the new devaluation was implemented to "favor export producers and avoid domestic market price di...

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