What Does NIO Stand For?

NIO stands for Nicaraguayan Cordoba Oro

NIO stands for Nicaraguayan Cordoba Oro, which is the official currency of Nicaragua. Introduced in 1991, the Nicaraguan Cordoba Oro replaced the previous currency, the Nicaraguan Cordoba, at a rate of 1:1. The currency is named after the historical figure, Francisco de Cordoba, and is subdivided into 100 centavos. The symbol for the Cordoba Oro is often represented as C$ to differentiate it from other currencies. NIO is used for all monetary transactions in the country, reflecting the economic landscape of Nicaragua.

Category : Currency