Nicaragua Passes Exchangeable Invoices Law

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"The text of the law refers to the currency bill as “a negotiable security, which will serve as legal support when transactions are issued between employers and a financial institution, if the purpose is to raise funds", published Laprensa.com.ni.

The president of the Chamber of Commerce and the Nicaraguan Council of Micro, Small and Medium Enterprises (Conimypime), an organization which demanded this law, said the new law favors the industry and once in place, it will facilitate the mobilization of about $ 50 million a year.

Source: laprensa.com.ni

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