Nicaraguan peso

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 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 12+1⁄2 pesos = 1 peso fuerte = 1 córdoba.

In 1898 and 1899, cupro-nickel 5 centavos coins were issued.

From 1881, the National Treasury issued notes in denominations of 1, 5, 25, 50 and 100 pesos.

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