The Central Bank of Nicaragua published its July 2026 monetary indicators, reporting that gross international reserves increased by USD 78.9 million to USD 9.89 billion, equivalent to 4.5 times the monetary base. The rise was driven mainly by the central bank’s net foreign-exchange purchases, higher foreign-currency reserve requirements and the net absorption of foreign-currency monetary deposits. All monetary aggregates grew year over year. Currency in circulation rose 12.5%, the monetary base 13.1%, public deposits 13.5% and the broadest monetary aggregate, M3A, 13.3%. The net position of domestic-currency monetary instruments expanded liquidity by NIO 165.1 million, mainly because of reserve requirements, while foreign-currency instruments contracted liquidity by USD 64.4 million.