Nicaraguan córdoba

Nicaraguan córdoba
córdoba nicaragüense (Spanish)

C$500 C$100
ISO 4217 Code	NIO
User(s)	Nicaragua
Inflation	9.6%
Source	The World Factbook, 2005 est.
Subunit
1/100	centavo
Symbol	C$
Coins	5, 10, 25, 50 centavos, C$1, C$5
Banknotes	C$10, C$20, C$50, C$100, C$500
Central bank	Banco Central de Nicaragua
Website	www.bcn.gob.ni

The córdoba (ISO 4217 code: NIO) is the national currency of Nicaragua. It is divided into 100 centavos.

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.

Coins

All coins in Nicaragua have the Coat of Arms of the country on the obverse and the numeral of the denomination on the reverse. Coins are either copper, gold or silver in color.

Note

1. "EN DIOS CONFIAMOS" - In God we trust

Banknotes

Like most banknotes, famous people from Nicaragua's history are depicted on the obverse. The Reverse sides depict landmarks or natural habitats in the country.

2002 Series
Image	Value	Main Color	Description		Date of printing
			Obverse	Reverse
	C$10	Green	Miguel Larreynaga	Islets of Granada	2002
	C$20	Orange	José Santos Zelaya	Atlantic Beach
	C$50	Purple	Pedro Joaquín Chamorro	Fortress of El Castillo
	C$100	Blue	Rubén Darío	Rubén Darío Theatre
	C$500	Red	José Dolores Estrada	Hacienda San Jacinto
For table standards, see the banknote specification table.

Historical exchange rates

• 1 USD =
  • 17.066 córdobas (June 5, 2006)
  • 17.1754 córdobas (January 13, 2006)
  • 16.300 córdobas (April 2005)
  • 15.5515 córdobas (December 2003)

• 1 EUR =
  • 22.1168 córdobas (June 5, 2006)
  • 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

• Pictures of Nicaraguan banknotes and coins

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