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Nicaragua: Currency Devaluation

LADB Article ID: 068178
Category/Department: General
Date: Wednesday, January 23, 1991
By: Deborah Tyroler

On Jan. 21, the Central Bank devalued the cordoba by 9%. The current exchange rate is 3.74 million cordobas per US dollar. (Basic data from AFP, 01/21/91)...

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