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Nicaragua: Public Employees No Longer Able To Exchange Cordobas Oro For Dollars

LADB Article ID: 068106
Category/Department: General
Date: Wednesday, January 30, 1991
By: Deborah Tyroler

In a Jan. 27 television broadcast, Central Bank president Raul Lacayo announced that effective Jan. 28 public employees will not be permitted to exchange cordobas oro into US dollars in an attempt to reduce speculation. Because of weekly devalua...

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