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NotiCen PDF file 1989 right arrow Sep

Nicaragua: 3% Currency Devaluation

ISSN:1089-1560
LADB Article ID: 072114
Category/Department: General
Date: Wednesday, September 13, 1989
By: Deborah Tyroler

On Sept. 9, the Nicaraguan government devalued the cordoba by 3%. The new official exchange rate vis-a-vis the US dollar is 22,000 cordobas. Beginning Aug. 16, the government commenced a "mini- devaluation" program. The Sept. 9 move was the thir...

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