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Need to know waht is the local currency in Nicaragua? The currency used in Nicaragua is called Córdoba.

The Nicaraguan Córdoba is issued and managed by the Central Bank of Nicaragua. To find out the current currency exchange rates for Córdoba to other major currencies of the world, click on foreign currency rates.

Nicaraguan Currency Information
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The currency used in Nicaragua is called as the Córdoba. This currency is denoted with the currency sign C$ and the ISO 4217 Code for the Nicaraguan Córdoba is NIO. The Córdoba, is the official currency of the Nicaragua . It is divided into 100 smaller units called centavo.

The constitution of Nicaragua provides that the Nicaragua government shall have the power to print the Nicaraguan Córdoba and centavo coins to be used as a legal tender in Nicaragua. The Nicaraguan Córdoba bank notes and Centavo coins are both designated as "legal tender" in payment of debts.

The Nicaraguan Córdoba bill uses the decimal system, consisting of 100 equal units.

The symbol C$, usually written before the numerical amount, is used for the Nicaraguan Córdoba.

Currently printed bank notes denominations are C$10, C$20, C$50, C$100, C$200, C$500 and the coins are minted in the denominations of 5, 10, 25, 50 centavos, C$1, C$5, C$10 .

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How Does Balance of Trade and Investment Affect the Value of the Nicaraguan Córdoba
Financial analysts regularly cite the balance of trade and investment in Nicaragua as the most important influence on the value of the Córdoba. The difference between what the Nicaragua exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Córdoba exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Córdoba exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Nicaraguan Córdoba.

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