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NotiCen PDF file 1989 right arrow Aug

Nicaragua: 3% Currency Devaluation; 8.5% July Inflation

LADB Article ID: 072278
Category/Department: General
Date: Friday, August 18, 1989
By: Deborah Tyroler

On Aug. 15, Vice President Sergio Ramirez announced Nicaragua's 21st currency devaluation of the year to "avoid distortions in prices and stimulate exports." The new exchange rate is 20,600 cordobas per dollar, down from 20,000, equivalent to a ...

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