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Nicaragua: Currency Devaluation

LADB Article ID: 073171
Category/Department: General
Date: Wednesday, March 29, 1989
By: Deborah Tyroler

On March 21, a 7.8% currency devaluation went into effect. The official exchange rate was changed from 5,100 to 5,500 cordobas per dollar. Fuel price hikes are as follows: gasoline, from 9,400 cordobas per gallon to 10,100; diesel, from 6,700 co...

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