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Nicaragua: Currency Devaluation, Gasoline Price Hike

LADB Article ID: 070871
Category/Department: General
Date: Wednesday, April 4, 1990
By: Deborah Tyroler

On April 1, the Nicaraguan government devalued the cordoba by 6%, and raised gasoline prices by 11.8%. The new official exchange rate is 47,000 cordobas per US dollar, compared to 44,170, established on Jan. 21. Gasoline prices rose from 77,400 ...

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