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NotiCen PDF file 1990 right arrow May

Nicaragua: Currency Devaluation

LADB Article ID: 070657
Category/Department: General
Date: Friday, May 4, 1990
By: Deborah Tyroler

On May 4, the Nicaraguan cordoba was devalued 28.5% on the official exchange market, and 21.4% in the (legal) parallel market. The official rate, utilized in foreign trade transactions, is now 90,000 cordobas per US dollar. The parallel market r...

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