Word: cordobas
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Dates: during 1990-1999
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...course, architecture. Of the 4,000 or so "castles in Spain" that still stand (military buildings of all kinds, from fortified palaces to watchtowers), fully a quarter were built by the Arabs. Several of their buildings, from the Alhambra, or "red castle," in Granada to the Great Mosque of Cordoba to the towering Giralda in Seville, are among the key works of world architecture...
Because of the stalled reform plans, five digit inflation continues, although it has been "reduced" to only 12,000 percent. Although the "gold cordoba," a new currency introduced last year, began at an exchange rate pegged one-for-one with the dollar, since its introduction into general circulation in early March it has already declined to a rate of five...
...desperation buying, they emptied store shelves of anything that was for sale. Merchants knew too. Many of them closed their doors, preferring to be stuck with rotting merchandise rather than the worthless currency known derisively as "piggies." When the government of President Violeta Barrios de Chamorro officially devalued the cordoba last week to a stratospheric 25 million to the dollar, most Nicaraguans were simply glad the waiting was over...
...Nicaragua too the economy will not wait. Within 48 hours of taking office on April 25, Chamorro felt compelled to devalue the cordoba, doubling prices and intensifying an already raging inflation (1,700% last year). She also must cope with 25% unemployment and an $11 billion foreign debt. Says U.N.O. spokesman Luis Sanchez: "If we don't receive even a minimum amount ((of U.S. aid)) immediately, the situation will become catastrophic. We might as well call up Daniel Ortega and give him back the country...