Currency Exchange Rates for Nicaraguan córdoba? Convert GBP to NIO at todays exchange rate. See money transfer for Nicaragua and historical to restrictions.
Compare Money Transfer Currencies Section - NIO
Nicknames for that currency if any?
The NIO (Nicaraguan currency) is called the cÃ³rdoba, which is divided into 100 centavos.
Name of Central Bank
The central bank is called The Central Bank of Nicaragua. In Spanish that would be Banco Central de Nicaragua (BCN)
By May 2017, the inflation rate of the NIO has been 3.10%. Inflation was cost by increased holding of basic commodities by the cartels in the country. The government was not able to control the inflation through the fiscal policies.
Spelling and Capitalization
The Nicaraguan cÃ³rdoba and all it's variations are written as stated before, without capitalization.
Use of the currency outside the country
The Nicaraguan cÃ³rdoba is not used outside of the country.
Exchanging currency in the country
The primary option is the use of exchange houses. You will find exchange offices in most places like airports and banks, although with the lowest rates. Many find the best rates by exchanging money from the street money changers. Forging bills will be accepted almost everywhere, specially USD only if they are not too worn out, but we recommend using cÃ³rdobas when possible.
ATMs are an option available in most banks but are not recommendable because of the social and economic state of Nicaragua. It is often very unsafe to change your money in places that are too visible because of the risk of robbery.
Converting from GBP pounds to NIO
1 British pound = 39.2952 Nicaraguan cÃ³rdoba
What does GBP to NIO mean?
This conversion means that the NIO is less valuable than the GBP
What is the sign for the NIO?
The currency symbol is C$.
Is NIO stable or undervalued? and what is the cause?
By showing an inflation rate of 3.10% it can be said that the NIO is not a stable currency.
What are the main currencies in use and why?
The main currencies used in Nicaragua are the cÃ³rdoba and the three most used currencies in the world (USD, GBP and EUR).
Currency Information on Nicaraguan Córdoba - NIO— Nicaraguan córdoba – C$
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.
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.
Over a year ago we expanded our IT company and opened a new office in the UK. We have two offices in Europe now; we need to send money abroad very often, from Portugal to the UK and from the UK to Portugal. Knowing how to send money internationally in a safe way is therefore a crucial need for us on a weekly basis.
Comment written by Tiago Goncalves Director of an it Company.
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