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Minimum Wage Talks Progressing
The third round of minimum wage talks were held last week. To date, no less than five different proposals are on the table and...
Nicaraguan Bank Accounts Switch to IBAN Format
Anyone with a Nicaraguan bank account (saving or checking) may have noticed a change in the way their accounts numbers are displayed.
On the 25th...
Córdoba to US Dollar “Slip Rate” 1% as of Feb. 1,...
The Board of Directors of the Central Bank of Nicaragua (Banco Central de Nicaragua or BCN) has announced that the sliding exchange rate (aka;...
Minimum Wage Commission – 2023 Review
It’s time once again for Nicaragua's Minimum Wage Commission to hold its usual minimum wage review in anticipation of any increase being voted on...
Tax Increase on Alcohol and Tobacco January 1st 2023
If cutting down or quitting drinking and smoking don’t feature on your list of “News Year’s Resolutions”, then the Minister of Finance and Public...
Nicaraguan Córdoba Oro turns 36 this Sunday!
No, it’s not a birthday but the Nicaraguan Córdoba Oro (NIO) to US Dollar official exchange rate passes the 36 Córdobas to the US...
Remittances are up 32 percent on same period in 2021
During the first five months of 2022 (January to May inclusive), remittances are up 32 percent as Nicaraguans living abroad sent home US $1.132...
January to April Remittances to Nicaragua up 29.1% on last year
The accumulated total of January to April remittances received from Nicaraguans living and working abroad was US $866.5 million. (Source: Banco Central De Nicaragua).
When...
Remittances for January 2022 – Nicaragua and the Region
Remittances for January 2022 continue to show an increase when January 2022 figures are compared to the same month in 2021. Remittances or “Remesas”...
Over US $2 billion in Remittances Received in Nicaragua 2021
Concluding our reporting on Remittances Received in Nicaragua (Remesas) for 2021, the Central Bank of Nicaragua (BCN) has now reported that Nicaragua did indeed...
