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NotiCen PDF file 1990 right arrow May

Nicaragua: New Currency Devaluation

LADB Article ID: 070509
Category/Department: General
Date: Friday, May 25, 1990
By: Deborah Tyroler

On May 24, the Central Bank devalued the cordoba by 10%, marking the seventh devaluation since April. The official exchange rate was set at 130,000 cordobas per US dollar. In the parallel market, the cordoba was devalued by 5%, to 200,000 per do...

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