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NotiCen PDF file 1990 right arrow May

Two New Devaluations Of Nicaraguan Cordoba

LADB Article ID: 070532
Category/Department: General
Date: Wednesday, May 23, 1990
By: Deborah Tyroler

On May 18, the Nicaraguan government authorized a 9.1% devaluation of cordoba in the official exchange rate market to 120,000 per US dollar, and 2.7% on the parallel market to 185,000 (purchase). The parallel market, or exchange houses, in Nicar...

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