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NotiCen PDF file 1989 right arrow Jun

Nicaragua: 100% Devaluation; Pay Hikes For Public Employees

ISSN:1089-1560
LADB Article ID: 072642
Category/Department: General
Date: Wednesday, June 14, 1989
By: Deborah Tyroler

On June 12, the Nicaraguan government announced a 102% currency devaluation, and 110% price hike for gasoline. The exchange rate went from 9,500 cordobas per US dollar on June 9 to 20,000 per dollar on Monday. Bus fares in Managua went up from 5...

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