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Nicaragua: Another 3% Devaluation

ISSN:1089-1560
LADB Article ID: 072949
Category/Department: General
Date: Wednesday, April 26, 1989
By: Deborah Tyroler

On April 24, the Nicaraguan government devalued the cordoba for the 13th time this year by 3%, from 6,500 to 6,700 per US dollar. In January, prior to the government's first major devaluation, the cordoba exchanged for 920 per dollar. As of Apri...

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