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Nicaragua: 9% Currency Devaluation, Transport Subsidy Abolished, Price Hikes On Public Services

ISSN:1089-1560
LADB Article ID: 070615
Category/Department: General
Date: Friday, May 11, 1990
By: Deborah Tyroler

On May 10, the Nicaraguan government devalued the cordoba by 9%. On Thursday, the parallel market rate was 196,472 cordobas per US dollar. Government subsidies for transportation were abolished. Fees for water and electricity were increased 300%...

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