Nicaraguan córdoba
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The córdoba (ISO 4217 code: NIO) is the national currency of Nicaragua. It is divided into 100 centavos.
Contents
History
The córdoba was introduced on March 20, 1912. It replaced the peso at a rate of 12½ pesos = 1 córdoba and was initially equal to the US dollar. It was named after the founder of Nicaragua, Francisco Hernández de Córdoba.On February 15, 1988, the "new córdoba" (nuevo córdoba) was introduced. It was equal to 1000 "old" córdobas. On April 30, 1991 the córdoba oro was introduced, worth 5 million "new córdobas". As of March 1 2006 17 Cordoba oros equals one dollar.
Denominations
Coins
- 5 centavos
- 10 centavos
- 25 centavos
- 50 centavos
- 1 córdoba
- 2 córdobas
- 5 córdobas
Banknotes
- 10 córdobas
- 20 córdobas
- 50 córdobas
- 100 córdobas
- 500 córdobas
Historical exchange rates
- 1 USD = 17.1754 córdobas (January 13, 2006); 16.300 córdobas (April 2005); 15.5515 córdobas (December 2003)
- 1 EUR = 19.910 córdobas (January 2006); 21.361 córdobas (April 2005); 19.6462 córdobas (December 2003)
References
- [Banco Central de Nicaragua: Billetes y Monedas en Circulación]
- [Historical summary] from Global Financial Data
External links
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