Nicaragua Devalues Currency, Hikes Prices
From Reuters
MANAGUA, Nicaragua —
The Sandinista government, battling to contain hyper-inflation, on Wednesday devalued Nicaragua’s currency by 2.9%. And, in other economic measures, fuel prices were increased by 3% and public transport fares by 2.66%.
It was the 21st devaluation of the cordoba this year and the first since June 12.
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