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Nicaragua: 5% Currency Devaluation

LADB Article ID: 069124
Category/Department: General
Date: Friday, October 26, 1990
By: Deborah Tyroler

On Oct. 22, the Central Bank announced a 5% currency devaluation, the 41st since President Violeta Barrios de Chamorro took office April 25. As of Monday, the exchange rate was 1.47 million cordobas per US dollar, compared to the previous week's...

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