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Americas - Central 
Nicaragua

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Nicaragua in the 1980s when that country experienced an inflation rate of 14,000 percent. Prices would regularly triple overnight, wiping out a family’s savings within a week. A trip to a grocery store would involve hauling a shopping bag of currency—money that the government printed on a daily basis, often adding new zeros every week. Coins disappeared, since, with one US penny buying, in theory, a wheelbarrow full of Nicaraguan nickels, scrappers quickly melted down the nation’s change. Lower denomination notes would end up in piles next to toilets, since they cost less then a sheet of bathroom tissue.

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Largest nation in Central America

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It is known that Nicaragua was inhabited by Paleo-Indians as far back as 6000 years.

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Nicaragua's is an agrarian economy has historically been based on the export of cash crops such as bananas, coffee, sugar, beef and tobacco. At present agriculture constitutes 60% of its total exports which annually yield approximately US $300 million.

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  • Iran-Contra Affair
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