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NICARAGUA DEVALUES MONEY
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NICARAGUA DEVALUES MONEY

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Nicaragua's two-day-old government slashed the value of the national currency in half Friday in an effort to patch up the economy, but it left angry consumers with wads of virtually worthless bank notes.

Prices shot up accordingly, but the wages of most Nicaraguans, many of whom earned the equivalent of $30 a month before the devaluation, did not.

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