Currency Information on Nicaraguan Córdoba - NIO— Nicaraguan córdoba – C$
The córdoba was first introduced in 1912, replacing the peso moneda corriente at a ratio of 1 córdoba: 12 ½ peso moneda corriente.
It was equal to the peso and almost on par with the US dollar. The córdoba was revalued at 1,000:1, introducing the second córdoba, in 1988. The third and current córdoba was introduced in 1991, at 5 million: 1. Currently 1 USD is equal to approximately 25 córdobas.
Coins are currently available in denominations of 5, 10, 25 and 50 centavos, C$1, C$5 and C$10, whilst banknotes are available in denominations of C$10, C$20, C$50, C$100, C$200 and C$500.
We are an international business and work with companies around the world, especially California in the US and Australia. Our providers are based in different countries so we need to be constantly up to date about the current foreign exchange rates. Otherwise, we would be wasting money during the currency transfer process and obviously this is not what a business wants.
Comment written by Victoria Brown Wine Industry.
View more testimonials...