About the Nicaraguan Córdoba
The Córdoba was introduced in 1912, replacing the Peso, and was initially pegged to the U.S. Dollar. It has undergone several revaluations due to periods of hyperinflation and political instability.
The currency is named after Francisco Hernández de Córdoba, the Spanish conquistador who founded Nicaragua.
Interesting Facts
Named After a Conquistador
The Córdoba is named in honor of Francisco Hernández de Córdoba, who is considered the founder of Nicaragua.
Crawling Peg
Nicaragua operates a crawling peg exchange rate system, where the Córdoba depreciates daily against the U.S. Dollar at a pre-announced rate.
Natural Beauty and History
Banknotes feature important national figures, historical sites, and the country's rich natural beauty, including lakes, volcanoes, and unique wildlife.
Historical Timeline
The Córdoba is introduced, pegged to the U.S. Dollar.
A new córdoba is introduced due to hyperinflation.
The 'Córdoba Oro' (Gold Córdoba) replaces the previous version, removing five zeros.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- NIO
- Symbol
- C$
- Numeric Code
- 558
- Subunit
- Centavo (1/100)
- Introduced
- 1912-01-01
Central Bank
- Name
- Central Bank of Nicaragua
- Headquarters
- Managua, Nicaragua
- Founded
- 1961
- Current Governor
- Ovidio Reyes Ramírez (since 2014)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 6.00%
- Interest Rate
- 7.00%
Exchange Rates
What Affects the NIO Exchange Rate?
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