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Nicaragua: Cordoba Devaluation

ISSN:1089-1560
LADB Article ID: 070402
Category/Department: General
Date: Friday, June 8, 1990
By: Deborah Tyroler

On June 5, the Central Bank devalued for the 10th time since April. The devaluation was equivalent to 6% on the official exchange market, and 5% in the parallel market. As of Tuesday, the US dollar traded for 160,000 and 170,000 cordobas. The ra...

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