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Nicaragua receives $8.8 million from the International Monetary Fund in order to strengthen nation’s dollar reserves

Tuesday, November 1, 2011


Nicaragua’s central bank received $8.8 million from the International Monetary Fund in order to bolster the nation’s dollar reserves.

The bank said the money was provided in 5.5 million special drawing rights, which is equivalent of $8.8 million, in order to “consolidate the stability of the exchange rate”.

The cash formed part of a 2007-2011 of $123 million provided by the Fund.

 

 

Original source (in Spanish): Efe