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Nicaragua: Two More Currency Devaluations

LADB Article ID: 070457
Category/Department: General
Date: Friday, June 1, 1990
By: Deborah Tyroler

On May 29, Nicaragua's central bank announced the eighth devaluation of the cordoba since President Violeta Barrios de Chamorro took power April 25. The official exchange rate rose from 140,000 cordobas per US dollar to 150,000. In the parallel ...

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