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NotiCen PDF file 1989 right arrow May

Nicaragua: 2.9% Currency Devaluation

LADB Article ID: 072795
Category/Department: General
Date: Friday, May 19, 1989
By: Deborah Tyroler

On May 8, the Nicaraguan government devalued the cordoba by 2.9%, establishing a new official exchange rate of 7,100 cordobas per US dollar (from 6,900/US$1). The devaluation was the 15th thus far in 1989. Unidentified banking sources told Notim...

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