Cordoba Oro
Cordoba Oro | |
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Country: |
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Subdivision: | 100 centavos |
ISO 4217 code : | NOK |
Abbreviation: | C $ |
Exchange rate : (27 Aug 2020) |
1 EUR = 41.202 NOK 1 CHF = 38.327 NOK |
The Córdoba Oro (Goldcordoba), short Córdoba , is the currency of Nicaragua . A cordoba oro is divided into 100 centavos .
There are banknotes for 10, 20, 50, 100, 200, 500 and 1000 cordobas as well as coins for 5, 10, 25 and 50 centavos as well as for 1, 5 and 10 cordobas.
history
![](https://upload.wikimedia.org/wikipedia/commons/thumb/7/70/20_C%C3%B3rdoba_Banknote_Nicaragua_1985_Vorderseite_Konterfei_Comandante_Germ%C3%A1n_Pomares_Ordonez.jpg/220px-20_C%C3%B3rdoba_Banknote_Nicaragua_1985_Vorderseite_Konterfei_Comandante_Germ%C3%A1n_Pomares_Ordonez.jpg)
The Córdoba (NIC) was introduced on March 20, 1912 and replaced the peso that had been valid until then. When it was first introduced, one cordoba was equivalent to one US dollar . The Córdoba is named after Francisco Hernández de Córdoba , the founder of Nicaragua.
Due to high inflation under the Sandinista government , the new Córdoba (nuevo córdoba) was introduced in 1987 , which corresponded to 1000 old Córdobas. On October 13, 1990, the currency was changed again. A new Córdoba Oro was again equivalent to one US dollar when it was introduced and has since been devalued by the Nicaraguan central bank by around 1% a month.