2.1First córdoba
2.2Second córdoba
2.3Third córdoba (córdoba oro)
3.42009 series
3.52015 and 2017 series
4Exchange rate
4.1Historical exchange rates
(Redirected from Cordoba Oro)
Currency of Nicaragua
córdoba nicaragüense (Spanish)
1 córdoba banknote of the Banco Nacional de Nicaragua (National Bank of Nicaragua), issued in 1941
NIO (numeric: 558)
before 1991: NIC
C$‎
centavo
C$5, C$10, C$20, C$50, C$100, C$200, C$500, C$1000
5, 10, 25, 50 centavos, C$1, C$5, C$10
Central Bank of Nicaragua
www.bcn.gob.ni
pedro [1], 2012
The córdoba (Spanish pronunciation: [ˈkordoβa], sign: C$; code: NIO) is the currency of Nicaragua. It is divided into 100 centavos.[citation needed]
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 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.[citation needed]
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.[citation needed]
First córdoba[edit]
In 1912, coins were introduced in denominations of 1⁄2, 1, 5, 10, 25 and 50 centavos and 1 córdoba. The 1⁄2 and 1 centavo were minted in bronze, the 5 centavos in cupro-nickel and the higher denominations in silver. The 1 córdoba was only minted in 1912, whilst 1⁄2 centavo production ceased in 1937.[citation needed]
In 1939, cupro-nickel replaced silver on the 10, 25 and 50 centavos. In 1943, a single year issue of brass 1, 5, 10 & 25 centavos was made. These were the last 1 centavo coins. In 1972, cupro-nickel 1 córdoba coins were issued, followed, in 1974, by aluminium 5 and 10 centavos.[citation needed]
A new series of coins, featuring a portrait of Augusto César Sandino, was introduced in 1981, consisting of aluminum 5 and 10 centavos, nickel-clad steel 25 centavos and cupro-nickel 50 centavos, 1 and 5 córdobas. Nickel clad steel replaced cupro nickel between 1983 and 1984. In 1987, the final coins of the 1st córdoba were issued, featuring Sandino's characteristic hat. Aluminum 500 córdobas were issued.[citation needed]
25, 50 centavos and 1 córdoba coins minted in 1985 were mostly recalled and destroyed by the Central Bank. A few of the 1 córdoba were circulated as seen.[citation needed]
Second córdoba[edit]
No coins were issued for this currency.[citation needed]
Third córdoba (córdoba oro)[edit]
In 1991, coins dated 1987 but actually introduced with that year's re-denomination, in denominations of 5, 10 and 25 centavos and aluminum-bronze 50 centavos, 1 and 5 córdobas were issued.[citation needed]
In 1994, coins were issued in denominations of 5, 10, 25 and 50 centavos. All were minted in chrome-plated steel. In 1997, nickel-clad steel 50 centavos, 1 and 5 córdobas were introduced, followed by copper-plated steel 5 centavos and brass-plated steel 10 and 25 centavos in 2002 and brass-plated steel 10 córdobas in 2007.[citation needed]
All current coins have the coat of arms of the country on the obverse and the numeral of the denomination on the reverse.[citation needed]
5 centavos 18.5 mm 3 g Copper-plated steel Plain Coat of arms Value, "EN DIOS CONFIAMOS"1, year of minting 2002
10 centavos 20.5 mm 4 g Brass-plated steel Reeded and plain sections Coat of arms Value, "EN DIOS CONFIAMOS", year of minting 2002
25 centavos 23.2 mm 5 g
50 centavos 22 mm 4.8 g Nickel-clad steel Coat of arms Value, "EN DIOS CONFIAMOS", year of minting 1997
1 córdoba 25 mm 6.25 g
5 córdobas 27.8 mm 7 g
10 cordobas 26.5 mm 8.5 g Brass-plated steel Lettered Coat of arms Value, figure, year of minting 2007
For table standards, see the coin specification table.
In 1912, the National Bank of Nicaragua introduced notes for 10, 25 and 50 centavos, 1, 2, 5, 10, 20, 50 and 100 córdobas, together with old half- and 1-peso moneda corriente notes overprinted for 4 and 8 centavos of the new currency. In 1934, all circulating banknotes were exchanged for notes which had been overprinted with "REVALIDO" ("revalidated"). The last notes for less than 1 córdoba were dated 1938. In 1945, 500-córdoba notes were introduced, followed by 1,000-córdoba notes in 1953.
A 1,000-córdoba banknote, which was reprinted with a value of 200,000 córdobas during the inflationary period of the late 1980s.
In 1962, the Central Bank of Nicaragua took over paper money issuance by a bank resolution of 8 February 1962 and executive decree No. 71 of 26 April 1962.[1] The 1-córdoba notes were replaced by coins in 1972. After 5-córdoba coins were introduced in 1981, 2 and 5-córdoba notes were withdrawn. In 1987, 5000-córdoba notes were introduced, followed by overprinted 10,000 (on 10), 20,000 (on 20), 50,000 (on 50), 100,000 (on 100), 100,000 (on 500), 200,000 (on 1,000), 500,000 (on 1,000) and 1,000,000 (on 1,000) córdobas notes as inflation drastically reduced the córdoba's value.
The second córdoba was only issued in banknote form. Notes (dated 1985) were issued in 1988 in denominations of 10, 20, 50, 100, 500 and 1000 córdobas together with undated 5000 córdobas. In 1989, notes for 10,000, 20,000, 50,000 and 100,000 córdobas were introduced, followed the next year by 200,000, 500,000, 1 million, 5 million and 10 million córdobas notes.[citation needed]
In 1991, notes were introduced for 1, 5, 10 and 25 centavos, 1⁄2, 1, 5, 10, 20, 50 and 100 córdobas. The notes below 1 córdoba were replaced by coins in 1994, with 5 córdobas notes also being replaced in 1997. 500 córdobas notes were introduced in 2002.[citation needed]
Famous people from Nicaragua's history are depicted on the obverses of the current banknotes. The reverses depict landmarks or natural habitats in the country.[citation needed]
2002 series (Resolution of 10 April 2002)
C$10 Green Miguel Larreynaga Islets of Granada 2002
C$20 Orange José Santos Zelaya Atlantic Beach
C$50 Purple Pedro Joaquín Chamorro Fortress of El Castillo de la Inmaculada Concepción
C$100 Blue Rubén Darío Rubén Darío National Theatre
C$500 Red José Dolores Estrada Hacienda San Jacinto
2009 series[edit]
On May 15, 2009, polymer ten and twenty córdoba notes were issued to circulate alongside their paper counterparts.[2] A new polymer two hundred and a paper one hundred córdoba banknote was first issued on June 1, 2009. A new polymer 50 córdoba was issued on December 3, 2009. The new designed paper 500 córdoba banknote was introduced on January 12, 2010.[3] A commemorative design of the 50 córdobas was introduced on September 15, 2010, to commemorate the Banco Central de Nicaragua's 50th anniversary of its establishment.[4] In 2012, the Banco Central de Nicaragua (Central Bank of Nicaragua) began issuing a new series of córdoba banknotes with revised security features, beginning with the 10, 20 and 200 córdoba polymer banknotes, which is similar to their first issue, but the notable change is the embossed "10", "20", and "200" on the see-through window now being of an opaque white.[5] [6][7]
The 100 córdoba banknote was also revised. The notable differences from the first issue is that the note was issued on the 100th anniversary of the córdoba currency. Also notable is the wider security thread, a revised registration device, a repositioned serial number, subtle underprint design changes and the commemorative text "1912-2012 Centenario del Cordoba" in pearlescent ink at the left front of the note.[8] The 500 córdoba banknote was also revised. The most notable change for the note is the bank logo patch, now a holographic patch instead of an optically variable device and a wider security thread.[9]
2009 series (Resolution of 12 September 2007) [2]
10 córdobas1 131 × 67 mm Green Fortress of the Immaculate Conception, Rio San Juan Hacienda San Jacinto "10", slighted tilted above El Castillo on the upper right hand side. 2009 May 15, 2009
20 córdobas2 136 × 67 mm Yellow Hut of natives on the eastern coast of the Caribbean. Illustration of the Palo de Mayo dance "20", Girl pounding grain May 15, 2009
50 córdobas 141 × 67 mm Violet National ceramic of Nicaragua Canyon of Somoto National ceramic of Nicaragua, "50" watermark December 3, 2009
50 córdobas 67 x 141 mm Violet First building of the Central Bank Canyon of Somoto "50" watermark 2010 September 16, 2010
100 córdobas 146 × 67 mm Blue Monument to Rubén Darío León Cathedral Emblem of the Central Bank of Nicaragua; watermark of a lion. 2009 June 1, 2009
200 córdobas 151 × 67 mm Brown El Güegüense Ometepe Island, the national bird, the Momotus momota. "200", The Güegüense with watermark and cape. 2009 June 1, 2009
500 córdobas 156 × 67 mm Red Residential Museum of Augusto César Sandino Native statues "500" watermark, Sandino 2010 January 12, 2010
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.
2015 and 2017 series[edit]
On 26 October 2015, the Banco Central de Nicaragua introduced a new family of banknotes in denominations of 10, 20, 50, 100, 200 and 500 Córdobas. The five lower denominations are printed in polymer, while the 500 Córdobas note is printed on cotton paper substrate.[10] On 1 December 2016, the Banco Central de Nicaragua introduced a 1,000 Córdobas banknote to ease high-value transactions. A commemorative design was issued on 1 December 2016 to commemorate the 100th anniversary of the death of poet Rubén Darío and a regular issue was issued on 2 January 2017.[11][12][13]
In July 2019, the 500 and 1000 Córdoba banknotes were reissued in polymer, to circulate in parallel with existing issues.[14]
2015–2017 series (resolution of 26 March 2014)
C$10 131 x 67 mm Green Puerto Salvador Allende, Managua La Vaquita (Patron Saint festivities of Managua) Polymer October 2015
C$20 136 x 67 mm Orange Moravian church, Laguna de Perlas Mayo Ya Festival Polymer October 2015
C$50 141 x 67 mm Violet Artisan Market, Masaya Folkloristic ballet Polymer October 2015
C$100 146 x 67 mm Blue Cathedral of Granada Horse cart Polymer October 2015
C$200 151 x 67 mm Brown Rubén Darío National Theater, Managua El Güegüense comedy ballet Polymer October 2015
C$500 156 x 67 mm Red Cathedral of León Momotombo Volcano Paper October 2015
C$500 156 x 67 mm Red Cathedral of León Momotombo Volcano Polymer July 2019
C$1,000 161 x 67 mm Dark green Hacienda San Jacinto, Tipitapa Castle of the Immaculate Conception, Río San Juan Paper January 2017
C$1,000 156 x 67 mm Dark green Hacienda San Jacinto, Tipitapa Castle of the Immaculate Conception, Río San Juan Polymer July 2019
Exchange rate[edit]
In 1991, the Central Bank of Nicaragua established a crawling peg scheme in accordance with FMI exchange rate policies with a 12% annual rate of devaluation; "as of 2014"[update], this scheme continued to devalue the córdoba against the United States dollar by 5% per annum and decrease further at 3% per annum, subsecuently.[15]
Current NIO exchange rates
Historical exchange rates[edit]
US$1 =
32.949 (XE) (July 2019)
25.005 córdobas (August 2013)(XE)
20.865 (Yahoo) or 20.8623 (XE) or 20.5250 (Oanda) (January 10, 2010)
20.425 (Yahoo) or 20.4263 (XE) or 20.222 (Oanda) or 20.4268 (Central Bank of Nicaragua) córdobas (August 4, 2009)
18.032 (Yahoo) or 19.874 (XE) or 20.113 (Oanda) córdobas (January 3, 2009)
18.032 córdobas (June 19, 2008)
18.032 córdobas (April 24, 2007)
17.066 córdobas (June 5, 2006)
17.1754 córdobas (January 13, 2006)
16.300 córdobas (April 2005)
15.5515 córdobas (December 2003)
€1 =
36.9441 (XE) (October 23, 2018)
30.0562 (Yahoo) or 30.0772 (XE) or 29.5661 (Oanda) (January 10, 2010)
29.3674 (Yahoo) or 29.3721 (XE) or 28.93586 (Oanda) córdobas (August 4, 2009)
25.1033 (Yahoo) or 27.532 (XE) or 28.008 (Oanda) córdobas (January 3, 2009)
29.8987 córdobas (June 19, 2008)
22.1168 córdobas (June 5, 2006)
19.910 córdobas (January 2006)
Economy of Nicaragua
^ Linzmayer, Owen (2012). "Nicaragua". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
^ "Currency". November 14, 2010.
^ Articles on the banknote issues of Nicaragua BanknoteNews.com. Retrieved 2010-01-18.
^ "Billete de C$ 50 por medio siglo del Banco Central - LA PRENSA — EL Diario de los Nicaragüenses". Archived from the original on 2010-09-20. Retrieved 2010-10-02.
^ Nicaragua new 10-córdoba note confirmed BanknoteNews.com. July 19, 2012. Retrieved on 2012-10-28.
^ Nicaragua new 20-córdoba note confirmed BanknoteNews.com. August 21, 2012. Retrieved on 2012-10-28.
^ Nicaragua new 200-córdoba note confirmed BanknoteNews.com. October 4, 2012. Retrieved on 2012-10-28.
^ Nicaragua new 100-córdoba commemorative note confirmed BanknoteNews.com. September 8, 2012. Retrieved on 2012-10-28.
^ Nicaragua new 500-córdoba note confirmed BanknoteNews.com. October 12, 2012. Retrieved on 2012-10-28
^ Nicaragua new note family (B506 - B511) confirmed BanknoteNews.com. October 28, 2015. Retrieved on 2015-10-31.
^ Nicaragua new 1,000-córdoba note (B513) to be introduced 02.01.2017 BanknoteNews.com. November 22, 2016. Retrieved on 2016-11-22.
^ Nicaragua new 1,000-córdoba commemorative note (B512) to be introduced 01.12.2016 BanknoteNews.com. November 22, 2016. Retrieved on 2016-11-22.
^ Nicaragua new 1,000-córdoba commemorative note (B512) confirmed introduced 01.12.2016 BanknoteNews.com. December 2, 2016. Retrieved on 2016-12-06.
^ "Banco Central de Nicaragua". Archived from the original on 2021-03-01. Retrieved 2019-07-16.
^ Rogers, Tim (May 13, 2014). "Nicaragua seeks to de-dollarize economy". The Nicaragua Dispatch.
Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9. and in the reference of tomorrow die
Article on Currency – Córdoba
Pictures of Nicaraguan banknotes and coins
Banco Central de Nicaragua: Billetes y Monedas
The banknotes of Nicaragua (in English and German)
Nicaraguan currency and coinage
Nicaragua portal
C$1
C$10
C$1000
Nicaraguan peso
Central American Republic real
Nicaragua articles
Spanish conquest
Mexican rule (1822–1823)
Federal Republic of Central America (1823–1838)
Mosquito Coast
United States occupation (1912–1933)
Somoza Dynasty (1936–1979)
Sandinistas v. Contras
Sandinista period (1979–1990)
Post-Sandinista period (1990–)
Territorial disputes
Córdoba (currency)
Nicaragua Canal
Water supply and sanitation
₵
₡
₫
ƒ
₲
₭
₦
圆
圓
៛
රු
૱
௹
꠸
৳
₳
₢$
₰
₯
₠
ℒ𝓈
₶
₥
ℳ
ℛℳ
₷
𐆚
𐆖
𐆙
𐆗
𐆘
ᚠ
N {\displaystyle \mathbb {N} }
Ᵽ
Ӿ
Generic placeholder
Retrieved from "https://en.wikipedia.org/w/index.php?title=Nicaraguan_córdoba&oldid=1137561588"
Currencies of Nicaragua
Articles containing Spanish-language text
Articles containing potentially dated statements from 2014
All articles containing potentially dated statements
Articles with German-language sources (de)