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Nicaragua: 5.5% Currency Devaluation

LADB Article ID: 069513
Category/Department: General
Date: Wednesday, September 26, 1990
By: Deborah Tyroler

On Sept. 24, the central bank devalued the cordoba by 5.5% from 1.12 million to 1.18 million cordobas per US dollar , marking the 37th devaluation since President Violeta Barrios de Chamorro took power on April 25. (Basic data from AFP, 09/24/90...

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