Nicaraguan córdoba

Nicaraguan córdoba
C$
The córdoba (, sign: C$; code: NIO) is the currency of Nicaragua. It is divided into 100 centavos.

The first córdoba was introduced with the new National Bank of Nicaragua (Banco Nacional de Nicaragua Incorporado) which was created in 1912, after which the government of Adolfo Díaz promulgated the Monetary Conversion Law, in March 1912. This law created the monetary unit Córdoba, but due to due to the prevailing political instability at that time, the Córdoba did not circulate until mid-1913.

It replaced the peso moneda corriente at a rate of 12 1⁄2 pesos m/c = 1 córdoba and the peso fuerte at par. It was initially nearly equal to the US dollar. It was named after the Conquistador Francisco Hernández de Córdoba.

In 1960 the Central Bank of Nicaragua (BCN) was founded and the banknotes and coins that until that date were issued by the National Bank of Nicaragua, began to be issued by the central bank.

On February 15, 1988, the 2nd córdoba was introduced. It was equal to 1,000 1st córdobas.

On April 30, 1991, the third córdoba, also called the córdoba oro, was introduced, worth 5,000,000 2nd córdobas.

Country
  • Nicaragua
    Nicaragua, officially the Republic of Nicaragua , is the largest country in Central America, bordered by Honduras to the north, the Caribbean to the east, Costa Rica to the south, and the Pacific Ocean to the west. Managua is the country's capital and largest city. , it was estimated to be the second largest city in Central America. Nicaragua's multiethnic population of six million includes people of mestizo, Indigenous, European and African heritage. The main language is Spanish. Indigenous tribes on the Mosquito Coast speak their own languages and English.

    Originally inhabited by various indigenous cultures since ancient times, the region was conquered by the Spanish Empire in the 16th century. Nicaragua gained independence from Spain in 1821. The Mosquito Coast followed a different historical path, being colonized by the English in the 17th century and later coming under British rule. It became an autonomous territory of Nicaragua in 1860 and its northernmost part was transferred to Honduras in 1960. Since its independence, Nicaragua has undergone periods of political unrest, dictatorship, occupation and fiscal crisis, including the Nicaraguan Revolution of the 1960s and 1970s and the Contra War of the 1980s.