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Guatemala: Government Attempts To Halt Currency Devaluation

LADB Article ID: 069804
Category/Department: General
Date: Friday, August 31, 1990
By: Deborah Tyroler

On Aug. 14, local news sources reported rapid devaluation of the quetzal, from 4.1 to 4.5 per US dollar over a two-day period. The government's Monetary Council announced that beginning Aug. 20, the sale of foreign currency to the private sector...

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