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NotiCen PDF file 1991 right arrow Jan

Nicaragua: Currency Devaluation

LADB Article ID: 068103
Category/Department: General
Date: Wednesday, January 30, 1991
By: Deborah Tyroler

On Jan. 28, the Central Bank announced a 9.6% currency devaluation. The official exchange rate for cordobas is now 4.1 million per US dollar. On the black market, the dollar was selling for 4.3 million cordobas. The price on a gallon of gasoline...

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