- Monetary unit:
- the Country code:
- Nicaragua, Republic
- of 129 494 sq. km
- Spanish (state), etc.
- NI (NIC) 558
National monetary unit of Nicaragua is the cordoba which makes 100 centavo. The international designation
Cordobas - N10 . It is manufactured by Central bank of Nicaragua. In territory of Nicaragua in the cash circulation are
Notes, of denomination in 10, 20, 50, 100, 200 and 500 cordobas.
Till 1912 on territory of the country silver coins in the Nicaraguan peso (22,5 g of a fine silver) addressed. The law from March, 20th, 1912 enters new monetary unit - a cordoba with a gold content of pure gold of 1,5048 g, but the coined golds provided by the law were not minted. The Nicaraguan peso interchanged on national bank notes (the Issuing house of Nicaragua with 1912 on 1961) in cordobas on a parity 12,5 peso for 1 cordoba.
After inflation of 1980th years within several years on denominations of back issues
Overprints which increased dignity of these denominations by some zero were done. For replicas
The usual printing ink of black colour was used. Such denominations were manufactured in series 1979 and 1985.
Often these overprints were bad quality. For example, they could be only on one party of the note or
Are made crookedly, or in an inverted kind, or differed an illegibility and a vagueness.
Since May, 15th, 2009, in Nicaragua began to manufacture notes of 10 and 20 polymeric cordobas, for replacement of paper moneys. Then, new polymeric denominations of 100 and 200 cordobas on June, 1st, 2009 have followed. On December, 3rd, 2009 the polymeric note of 50 cordobas has been manufactured. And the new polymeric five-hundred part left on January, 12th, 2010. New notes of Nicaragua differ from the previous series design and degree of protection against a fake.
At an exchange it is necessary to know that tourist checks are difficult enough for changing, and the domestic currency it is impossible
To interchange in any other country. For this reason for visitors of the country it is desirable to spend national money to
It is updated 05.2012