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NotiCen PDF file 1991 right arrow Jan

Nicaragua: Currency Devaluations

LADB Article ID: 068376
Category/Department: General
Date: Wednesday, January 9, 1991
By: Deborah Tyroler

On Dec. 31, the Central Bank devalued the cordoba by 9.8%, bringing the exchange rate to 3 million per US dollar. The black market rate on the last day of the year was 3.15 million per dollar. Since April 25, when President Violeta Barrios de Ch...

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