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NotiCen PDF file 1990 right arrow Jul

Nicaragua: 4.7% Currency Devaluation

LADB Article ID: 070170
Category/Department: General
Date: Friday, July 20, 1990
By: Deborah Tyroler

On July 19, the Nicaraguan government once again devalued the cordoba by 4.7%, from 420,000 to 440,000 to the US dollar. Since April 25, the currency has been devalued 24 times for a total 718% in the legal exchange market, and 316% in the black...

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