Nicaraguan Cordoba in Swiss Franc

NIO Nicaraguan Cordoba

Country of application:
Nicaragua

Coin denominations in circulation:
5, 10, 25, 50 centavos, 1.5 Canadian dollars.

Denominations of banknotes in circulation:
5, 10, 20, 50, 100, 200, 500, 1000 Canadian dollars.

History reference:
The Nicaraguan Cordoba is the currency of Nicaragua. It was first issued on March 20, 1912 and suffered from chronic and severe inflation. Initially, the Central Bank of the country issued coins in d...enominations of 1/2, 1, 5, 10, 25 centavos and 1 cordoba, as well as paper banknotes in denominations of 1, 2, 5, 10, 20, 50 and 100 cordoba. One cordoba was equal to 100 centavos. Nicaragua is one of the poorest countries in the Western Hemisphere, whose exports largely depend on agriculture and the extraction of raw materials. The author first learned about the distant Latin American country of Nicaragua as a boy in the 1980s. And it was not in geography lessons at school, but from the TV news program "Vremya". The serious announcer often talked about the battles in the Nicaraguan jungle that the Contras fought against the Sandinistas, about the fiery revolutionary Daniel Ortega and the freedom fighter of the Nicaraguan people Augusto Sandino. And then, quite by accident, a small Nicaraguan coin with the image of a large wide-brimmed hat fell into the hands of the author.

CHF Swiss Franc

Country of application:
Liechtenstein, Switzerland

Coin denominations in circulation:
5, 2 and 1 franc, as well as 50, 20, 10 and 5 rappen.

Denominations of banknotes in circulation:
1000, 200, 100, 50, 20 and 10 francs.

History reference:
The Swiss franc is the official currency of Switzerland. The history of the modern Swiss franc dates back to May 7, 1850. Until that day, the country did not have a single monetary system: 25 cantons... and half-cantons, 16 cities, and abbeys issued their own money. There were about 860 types of coins of various values and denominations in circulation. Moreover, most of the money circulation accounted for foreign money in general. The situation was changed by the constitution of 1848, in accordance with which a single national currency was introduced. Due to the flexible exchange rate, the strong development of the Swiss economy and the political stability of the country, the Swiss franc is one of the most stable currencies in the world, in high demand as a reserve. It traditionally refers to the currencies of tax havens or offshore zones, with zero inflation and legally fixed gold and foreign exchange reserves of at least 40%. However, this condition, introduced in the 1920s, was abolished on 1 May 2000 due to amendments to the Swiss Constitution. The high confidence of international investors is the reason for the upward trend in the exchange rate of the franc against most other national currencies.