NICARAGUA: High Cost of Living

Afraid that many civil servants would have to quit their jobs or die of malnutrition because the 50% depreciation of Nicaragua's currency has raised living costs beyond their reach, drastic Finance Minister Benito Ramirez last week doubled the pay of all Government employes, including himself.


Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!