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Nicaraguan Córdoba · NIO

C$ symbol · 1 country currently using this currency.

Currency info

Adopted: 1912

Currency family: Other

The córdoba is one of the few currencies named after a conquistador rather than a national hero or historical figure.

  • Introduced in 1912 to replace the Nicaraguan peso at a rate of 1 córdoba = 1 peso
  • Named after Francisco Hernández de Córdoba, the Spanish conquistador who founded Granada and León
  • Redenominated in 1988 with the introduction of the new córdoba, removing three zeros from the currency
  • Pegged to the US dollar from 1991 to 2023, maintaining a fixed exchange rate
  • Currently a free-floating currency managed by Nicaragua's central bank

Countries currently using this currency

Related

Historical predecessor

Nicaraguan peso