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Nicaragua Devalues Cordoba

ISSN:1089-1560
LADB Article ID: 072709
Category/Department: General
Date: Friday, June 2, 1989
By: Deborah Tyroler

On May 31, the Nicaraguan government devalued the cordoba and raised fuel prices by five percent. A communique by the Central Bank said the exchange rate used for trade transactions went from 7,900 to 8,300 cordobas per dollar. Parallel market r...

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