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Nicaragua: 9% Currency Devaluation In Three Days

LADB Article ID: 070112
Category/Department: General
Date: Friday, July 27, 1990
By: Deborah Tyroler

On July 26, the Nicaraguan central bank devalued the cordoba by 4.3%, following a 4.5% devaluation on Tuesday. Since April 25, the cordoba has been devalued 792%. Devaluation in the black market totals 375%. As of Thursday, the official exchange...

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