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NotiCen PDF file 1990 right arrow May

Nicaragua: Currency Devaluation, Note On Foreign Debt, Cash Reserves

LADB Article ID: 070703
Category/Department: General
Date: Wednesday, May 2, 1990
By: Deborah Tyroler

On April 28, the Nicaraguan government devalued the cordoba by 23%. The official exchange rate was set at 70,000 cordobas per US dollar. In the (legal) parallel market, the cordoba was devalued by 120% on Friday. Exchange houses sold the dollar ...

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