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Nicaragua: Currency Devaluation

LADB Article ID: 070766
Category/Department: General
Date: Friday, April 20, 1990
By: Deborah Tyroler

On April 17, the Nicaraguan cordoba was devalued 3.25% to 53,800 from 52,100 per US dollar. In the parallel exchange market, the dollar is selling for 60,000 cordobas. On the illegal black market, the dollar is quoted at between 120,000 and 125,...

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