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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 ''[[Nicaraguan córdoba|córdoba ]]'' at a rate of 12½ pesos = 1 córdoba.
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 ''[[Nicaraguan córdoba|córdoba ]]'' at a rate of 12½ pesos = 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 tha 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==
{{sourcesstart}}
* {{cite book | title=Standard Catalog of World Coins: 1801-1991 |edition= 18th ed. | author=Chester L. Krause & Cliffor Mischler|editor= Colin R. Bruce II| publisher=Krause Publications | year=1991| id=ISBN 0-87341-150-1 }}
* {{cite book | title=Standard Catalog of World Paper Money, General Issues| edition=7th ed. | author=Albert Pick |editor=Neil Shafer & Colin R. Bruce II|publisher=Krause Publications| year=1994| id=ISBN 0-87341-207-9 }}
{{sourcesend}}


{{Peso}}
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[[Category:History of Nicaragua]]
[[Category:History of Nicaragua]]
[[Category:Currencies of the Americas]]
[[Category:Modern obsolete currencies]]
[[Category:Modern obsolete currencies]]

Revision as of 22:24, 13 March 2007

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.

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 tha 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

  • Chester L. Krause & Cliffor Mischler (1991). Colin R. Bruce II (ed.). Standard Catalog of World Coins: 1801-1991 (18th ed. ed.). Krause Publications. ISBN 0-87341-150-1. {{cite book}}: |edition= has extra text (help)
  • Albert Pick (1994). Neil Shafer & Colin R. Bruce II (ed.). Standard Catalog of World Paper Money, General Issues (7th ed. ed.). Krause Publications. ISBN 0-87341-207-9. {{cite book}}: |edition= has extra text (help)

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