Nicaragua’s central bank reserves fall 41%

Steep slide due to attempts to stem outflows of currency after political crisis

Nicaragua - Cordoba - web - Getty.jpg

The Central Bank of Nicaragua’s reserves fell dramatically during the period of political crisis last year, its new figures reveal.

Net international reserves decreased 41%, or by $792.9 billion, between April and December 2018, their lowest level in over a decade. The steep fall is probably due to the central bank’s attempts to limit the effects of outflows from Nicaragua’s currency, the cordoba, resulting from political unrest.

In April 2018, demonstrators began to protest against social

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