Countries that use the Córdoba Oro
The Córdoba Oro was established in 1990 as an official national currency and is used only in Nicaragua. 1 Oro is devided into 100 Centavos.
1.00 Córdoba Oro = 0.032 US Dollar
Exchange rate history 1000 NIO in USD
Córdoba Oro as currency
Currency reserves for the Córdoba Oro
According to the International Monetary Fund, the total broad money (M3) amounted to NIO 150.03 billion at the end of 2016. For currency hedging, reserves were held in a total amount of 70.05 billion Oros. This corresponds to a ratio of 1:2.1. Or in other words: 1 of 2 Oros is deposited with a countervalue, which is internationally already above average.
All currency reserves are only held as foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions. There are no governmental gold stocks.Worldwide currency and gold reserves
All information without guarantee.