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Nicaragua: Currency Devaluation

LADB Article ID: 068694
Category/Department: General
Date: Wednesday, November 28, 1990
By: Deborah Tyroler

On Nov. 26, the Central Bank devalued the cordoba by 8%. The new exchange rate is 2 million per US dollar. The current price on a gallon of gasoline is $2.35. (Basic data from AFP, 11/26/90)...

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