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Word: nicaragua (lookup in dictionary) (lookup stats)
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...organization not to betray the 2001 charter. "This time, the U.S. position is actually much closer to the default position of the OAS," says Daniel Erikson, a senior associate at the Inter-American Dialogue in Washington and the author of The Cuba Wars, "while it's countries like Nicaragua and Honduras that look like they're trying to paint outside the lines." (Read TIME's brief history of U.S.-Cuba relations...

Author: /time Magazine | Title: Inside the OAS's Cuba Conundrum | 6/1/2009 | See Source »

...potato. "Many people don't want these bills because they think they are valueless and they're going to get stuck with them, so they're spending them as fast as they can," says clothing vendor Fabiola Espinoza. It has unintentionally created a bizarre stimulus effect on Nicaragua's beleaguered economy. "As soon as I get one of the plastic bills, I try to pass it on right away to someone else," says shopkeeper Gloria Romero. (Read a story from TIME's Archive about America's counterfeit bill problem in the 1930s...

Author: /time Magazine | Title: For Nicaraguans, New Currency Is a Hot Potato | 5/23/2009 | See Source »

...Finance, as required by the country's Monetary Law, effectively making them fake bills. "These bills are illegal and worthless and should only be used to play Monopoly," says opposition legislative leader Wilfredo Navarro. "President Daniel Ortega is a counterfeiter. That's the level things have gotten to in Nicaragua these days." The lawmaker, a member of the legislature's Economic Commission, says "any serious government" would immediately recognize the error and recall the money. But so far the Sandinistas aren't budging...

Author: /time Magazine | Title: For Nicaraguans, New Currency Is a Hot Potato | 5/23/2009 | See Source »

...dismissed the criticism as the complaints of rich people "who are more accustomed to using debit cards and checks and don't care about the people." Said Rosales, "The Central Bank is profoundly satisfied with the excellent reception that the bills have had with the Nicaraguan population. Everywhere in Nicaragua the bills are being used...

Author: /time Magazine | Title: For Nicaraguans, New Currency Is a Hot Potato | 5/23/2009 | See Source »

...problem in Nicaragua, according to Liberal Constitutional Party lawmaker Francisco Aguirre, is that most people don't know what the laws say, including the government. "In this country, we pass laws and we don't know what they say and we don't care," he says. "This is an outlaw country." Still, Aguirre predicts, the issue of the new currency and whether it's legal or not is a case of a "tempest in a teapot" - an issue that will fade away as soon as the inevitable next crisis comes around. (Read a story about Nicaragua's vampire problem...

Author: /time Magazine | Title: For Nicaraguans, New Currency Is a Hot Potato | 5/23/2009 | See Source »

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