Nicaraguan Cordoba in Icelandic Króna

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.

ISK Icelandic Króna

Country of application:
Iceland

Coin denominations in circulation:
1, 5, 10, 50, 100 CZK.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000, 10,000 kroons.

History reference:
The Icelandic krone is the currency of Iceland. Introduced in 1885. Icelandic ATMs are located in all banks in Iceland, large supermarkets, major hotels and hotels, and on most central streets in Ice...land. In all of them, the rate of the Icelandic currency is the same. Icelandic ATMs work with all types of credit transactions. In 1961, the Central Bank of Iceland was established, which, starting in 1963, began issuing banknotes, gradually replacing the National Banks banknotes in circulation. In 1981, a monetary reform was carried out in the country: old kroons were exchanged for new ones from January 1 to June 30 at a ratio of 100:1. Currently, the Icelandic government states the need to abandon the national currency and switch to the currency of another, economically stronger country. Prior to joining the European Union and the introduction of the euro, options for the Canadian or Australian dollar are being considered.