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Nicaragua: Currency Devaluation

LADB Article ID: 070020
Category/Department: General
Date: Wednesday, August 8, 1990
By: Deborah Tyroler

On Aug. 7, the Central Bank announced a 7.14% currency devaluation, bringing the official and parallel market exchange rates to 600,000 cordobas per dollar. Central Bank president Francisco Mayorga said Nicaragua's new currency, the cordoba oro,...

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