The peso was the currency of

Nicaragua Nicaragua (; ), officially the Republic of Nicaragua (), is the largest country in Central America, bordered by Honduras to the north, the Caribbean to the east, Costa Rica to the south, and the Pacific Ocean to the west. Managua is the coun ...

between 1878 and 1912. It was Nicaragua's first national currency, replacing the

Central American Republic real The real was the currency of the Federal Republic of Central America from 1824 to 1838/1841. Sixteen silver reales equaled one gold ''escudo'', and 8 reales equaled one peso. The Central American Republic's real replaced the Spanish colonial real ...

and that of neighbouring states. It was subdivided into 100 ''centavos'' and when it was introduced, it was worth 8 reales, and had the same weight and mass as the peso fuerte, but due to recurrent devaluations, it was replaced by the '' córdoba'' at a rate of pesos = 1 peso fuerte = 1 córdoba.

Coins

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.

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.

References

* * Modern obsolete currencies Economic history of Nicaragua 1878 establishments in Nicaragua 1912 disestablishments Currencies of Nicaragua {{Money-unit-stub