The deposits in Nicaraguan national banks, especially those denominated in foreign currency, have shown significant increases in recent months.

Economists say the increase is due in part to improved economic conditions prevailing in the country, which have increased Nicaraguans savings and their confidence in the banking system.

Although the Central Bank has stopped publishing its financial statements, it is possible to see that of the total deposits, the fastest growing are those denominated in dollars.

The Central Bank of Nicaragua, in its Monetary and Financial Report for May 2011 states that: "Bank's deposits increased $60 million. These are explained by a $44 million increase in deposits and a net credit recovery of $17 million."

Source: elnuevodiario.com.ni

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