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Instead of galvanizing the economy, however, the shock treatment appeared to be paralyzing it. By week's end there were strong indications that the currency would be discredited before the new notes lost their crispness. At an open-air market in Masaya, about 15 miles from Managua, women hawking rice and beans complained that the official price guidelines amounted to selling at a loss. One woman, who said her morning's sales totaled 50 cents, demanded, "Am I supposed to feed my family with this...

Author: /time Magazine | Title: Nicaragua Lights Out in Managua | 2/29/1988 | See Source »

Monimbo, an Indian quarter in the city of Masaya, has a special place in Sandinista mythology. It was there in 1978 that residents launched the first urban insurrection against President Anastasio Somoza, sparking the revolution that toppled the dictator and put the Sandinistas in power. Ever since, official speeches have resounded with accolades to "heroic Monimbo." Last week Monimbo was up in arms again, only this time the target was the Sandinista regime...

Author: /time Magazine | Title: Nicaragua: Cradle of Insurrection | 2/22/1988 | See Source »

...flourishing black-market rate is up to , 18,000. A briefcase is needed to collect the exchange on a $100 bill -- unless the exchange is in small-denomination notes, when a suitcase might be more useful. "The Sandinistas have made all of us millionaires," jokes a vendor at the Masaya bus terminal in Managua, pocketing a 5,000-cordoba bill for two lemonades. "The trouble is, even millionaires can't make ends meet here...

Author: /time Magazine | Title: Nicaragua: At War With Itself | 11/16/1987 | See Source »

Despite the Sandinistas' claims of open elections, a government-inspired mob two weeks ago attacked about 50 Cruz supporters at a meeting in the city of Masaya. The opposition members were assaulted by a crowd of perhaps 4,000, many wielding machetes, before police came to the rescue. Some of the attackers later said hat they had been organized by middle-level Sandinistas: block committee leaders and union organizers...

Author: /time Magazine | Title: Nicaragua: Sincerity, or Very Tricky? | 10/8/1984 | See Source »

...your story "Challenge from the Contras" [Aug. 2], there is a photograph of members of the Directorate of the Sandinist National Liberation Front, making it appear that they were celebrating the third anniversary of the Sandinist Popular Revolution in Moscow. The photograph actually was taken in the city of Masaya, Nicaragua, on the 19th of July of this year. I do not believe that there was any ill will on the part of your magazine, but rather an involuntary error in the picture caption. Nonetheless, this does not help international understanding of the difficult situation that Nicaragua and the rest...

Author: /time Magazine | Title: Letters: Aug. 23, 1982 | 8/23/1982 | See Source »

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