Nicaraguan legislature likely to pass bill giving government control over private banks.

Nicaragua's legislature is set to vote on a bill that would give the state significant control over the leadership of private banks, potentially allowing the government to appoint leaders and dissolve banks. Critics argue this could distort market dynamics. With the ruling party controlling the unicameral legislature, the bill is expected to pass swiftly, altering the balance between private banks and state control.

3 months ago
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