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NotiCen PDF file 1991 right arrow Jan

Nicaragua: Currency Devaluation

LADB Article ID: 068221
Category/Department: General
Date: Friday, January 18, 1991
By: Deborah Tyroler

On Jan. 14, the cordoba was devalued by 6.8%, bringing the official exchange rate to 3.43 million per US dollar. On the black market, the dollar was selling for 3.5 million cordobas. The price of gasoline was immediately increased to 8.0605 mill...

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