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The peso was the currency of Nicaragua between 1878 and 1912. It was Nicaragua's first national currency, replacing the Central American Republic real and that of neighbouring states. It was subdivided into 100 centavos and was worth 8 reales. After suffering high inflation, the peso was replaced by the córdoba at a rate of 12½ pesos = 1 córdoba.
In 1878, cupro-nickel 1 centavo coins were introduced, followed, in 1880, by silver 5, 10 and 20 centavos. In 1898 and 1899, cupro-nickel 5 centavos coins were issued. These were the last coins of this currency to be minted.
[edit] Banknotes
From 1881, the National Treasury issued notes in denominations of 1, 5, 25, 50 and 100 pesos. 10, 20 and 50 centavos notes were added in 1885, followed by 10 pesos notes in 1894.
[edit] References
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