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NIO information
About Nicaraguan Córdoba (NIO)
The Nicaraguan Córdoba (NIO), introduced in 1912, serves not just as Nicaragua's official currency but also as a symbol of the nation's tumultuous history and its ongoing economic journey. It is commonly abbreviated as NIO and represented by the symbol C$. Named after the Spanish conquistador Francisco Hernández de Córdoba, who founded Nicaragua, the Córdoba has been integral to the nation's socio-economic fabric.
Historical Background
The introduction of the Córdoba was a significant step in consolidating Nicaragua's economic independence in the early 20th century. It replaced the peso and marked a new chapter in the nation's monetary history, mirroring its broader quest for national identity and economic self-determination.
Design and Symbolism
The design of the Nicaraguan Córdoba reflects the country's diverse cultural heritage and natural beauty. Banknotes and coins feature images of historical figures, indigenous art, and landmarks of national significance. These designs do more than facilitate transactions; they narrate stories of Nicaragua’s past and present, fostering a sense of national pride and unity.
Economic Role
The Córdoba plays a crucial role in Nicaragua’s economy, which is marked by agriculture, manufacturing, and an emerging service sector, including tourism. As the primary medium of exchange, it supports these sectors, enabling trade and investment and is vital for the everyday economic activities of Nicaraguans.
Monetary Policy and Inflation
Managed by the Central Bank of Nicaragua, the Córdoba has faced challenges including inflation and currency devaluation, especially during periods of political and economic instability. The central bank’s policies aim to stabilize the currency, which is crucial for maintaining economic confidence and promoting sustainable growth.
International Trade and the Nicaraguan Córdoba
In international trade, the stability of the Córdoba is important, especially for Nicaragua's exports like coffee, beef, and gold. A stable exchange rate is essential for maintaining competitive prices in the global market and attracting foreign investment.
Remittances and Economic Impact
Remittances from Nicaraguans living abroad, particularly in the United States and Costa Rica, are a crucial source of foreign income. These remittances, converted into Córdobas, play a substantial role in supporting families and contribute significantly to the national economy.
MEF to NIO conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
Bitget | C$23.66 | 0.0200% / 0.0320% |
How to buy MEFLEX
Buy MEF (or USDT) for NIO (Nicaraguan Córdoba) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
T TradePro ![]() 17 trades|Completion rate 57.00% | 1.03 USD | Amount818.96 USDT Limit100 - 800 USD | ![]() ![]() | |
I Itzsheikhs ![]() 125 trades|Completion rate 99.00% | 1.033 USD | Amount3082.93 USDT Limit300 - 3184 USD | ![]() | |
R Russiad_BC ![]() 24 trades|Completion rate 89.00% | 1.035 USD | Amount190.73 USDT Limit10 - 197 USD | ![]() ![]() ![]() | |
R Recharge ![]() 35 trades|Completion rate 76.00% | 1.036 USD | Amount177.48 USDT Limit10 - 183 USD | ![]() ![]() ![]() | |
F FLASH SALE 1 ![]() ![]() ![]() 22 trades|Completion rate 96.00% | 1.036 USD | Amount1110.54 USDT Limit10 - 1660.521 USD | ![]() ![]() ![]() ![]() ![]() |
Sell MEF (or USDT) for NIO (Nicaraguan Córdoba) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
R Russiad_BC ![]() 24 trades|Completion rate 89.00% | 1.195 USD | Amount3723.2 USDT Limit10 - 4000 USD | ![]() | |
R Recharge ![]() 35 trades|Completion rate 76.00% | 1.192 USD | Amount958.25 USDT Limit10 - 1000 USD | ![]() | |
c cR7_trader ![]() 7 trades|Completion rate 100.00% | 1.121 USD | Amount4788.74 USDT Limit100 - 5000 USD | ![]() | |
D DimTrade ![]() 0 trades|Completion rate 0.00% | 1.1 USD | Amount4502.79 USDT Limit100 - 1000 USD | ![]() | |
s shdal ![]() 0 trades|Completion rate 0.00% | 1.02 USD | Amount380 USDT Limit300 - 380 USD | ![]() |
What factors influence the conversion rate of MEFLEX to Nicaraguan Córdoba?
MEFLEX to Nicaraguan Córdoba is rising this week.Conversion tables
The exchange rate of MEFLEX is increasing.MEF to NIO
NIO to MEF
Today vs. 24 hours ago
Amount | 20:18 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MEF | $0.3211 | $0.2441 | +26.15% |
1 MEF | $0.6422 | $0.4882 | +26.15% |
5 MEF | $3.21 | $2.44 | +26.15% |
10 MEF | $6.42 | $4.88 | +26.15% |
50 MEF | $32.11 | $24.41 | +26.15% |
100 MEF | $64.22 | $48.82 | +26.15% |
500 MEF | $321.08 | $244.12 | +26.15% |
1000 MEF | $642.15 | $488.23 | +26.15% |
Today vs. 1 month ago
Amount | 20:18 today | 1 month ago | 1M change |
---|---|---|---|
0.5 MEF | $0.3211 | $0.1956 | +51.04% |
1 MEF | $0.6422 | $0.3912 | +51.04% |
5 MEF | $3.21 | $1.96 | +51.04% |
10 MEF | $6.42 | $3.91 | +51.04% |
50 MEF | $32.11 | $19.56 | +51.04% |
100 MEF | $64.22 | $39.12 | +51.04% |
500 MEF | $321.08 | $195.62 | +51.04% |
1000 MEF | $642.15 | $391.24 | +51.04% |
Today vs. 1 year ago
Amount | 20:18 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 MEF | $0.3211 | $0.3009 | +5.74% |
1 MEF | $0.6422 | $0.6018 | +5.74% |
5 MEF | $3.21 | $3.01 | +5.74% |
10 MEF | $6.42 | $6.02 | +5.74% |
50 MEF | $32.11 | $30.09 | +5.74% |
100 MEF | $64.22 | $60.18 | +5.74% |
500 MEF | $321.08 | $300.91 | +5.74% |
1000 MEF | $642.15 | $601.82 | +5.74% |
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