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NotiCen PDF file 1990 right arrow Jul

Nicaraguan Cordoba Devalued 9.1%

ISSN:1089-1560
LADB Article ID: 070207
Category/Department: General
Date: Wednesday, July 18, 1990
By: Deborah Tyroler

On July 17, the Nicaraguan cordoba was devalued by 5%, following a 3.9% devaluation on July 13, for a total 9.1% in four days. Since April 25, the cordoba has been devalued 680% on the legal exchange market, and 316% in the black market. As of J...

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