International Reserves in Nicaragua
Nicaragua - International ReservesThe economy likely contracted in the second quarter as the pandemic took its toll, on the heels of moderate growth in the first quarter. In April, economic activity deteriorated markedly due to widespread contractions, with only subsectors such as construction registering a small increase in activity. Moreover, on the external front, exports underperformed amid lockdowns abroad. Financially, President Ortega’s regime has found little international support due to diplomatic isolation. This means the government could have to dip into Central Bank deposits to keep operating, and limits the potential for fiscal stimulus. In mid-June, Fitch revised the country’s credit rating outlook to negative amid increased financing risks and rising spending pressures.
Nicaragua - International Reserves Data
|International Reserves (USD)||2.5||2.4||2.8||2.3||2.4|
5 years of economic forecasts for more than 30 economic indicators.
Nicaragua International Reserves Chart
Source: Nicaragua Central Bank and FocusEconomics calculations.
|Exchange Rate||33.47||2.11 %||Jan 01|
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