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Nicaragua: 9.5% Currency Devaluation

LADB Article ID: 073310
Category/Department: General
Date: Friday, March 10, 1989
By: Deborah Tyroler

On March 9, a 9.5% currency devaluation went into effect, marking the seventh such action of the year. Since January 1, the Nicaraguan government has devalued the cordoba a total 205%. At present, the official exchange rate is 4,600 cordobas per...

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