The currency abbreviation for the Nicaraguan córdoba (NIO), the currency for Nicaragua. The Nicaraguan córdoba is made up of 100 centavos (or cents) and is often presented with the symbol C$. The córdoba was named after Francisco Hernández de Córdoba, the founder of Nicaragua.
The current córdoba is also known as the "córdoba oro".
|||The Nicaraguan córdoba replaced the peso in March of 1912 at a rate of 12.5:1, making one córdoba equivalent to one U.S. dollar. After continued inflation lowered the value of the córdoba, a second córdoba replaced the first in 1988 at a rate of 1,000:1. The currency was revalued again in 1991, with the third córdoba replacing the second at a rate of 5 million:1.
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