Convert Nicaraguan Córdoba to Armenian Dram
Please provide values below to convert Nicaraguan Córdoba [NIO] to Armenian Dram [AMD], or Convert Armenian Dram to Nicaraguan Córdoba.
How to Convert Nicaraguan Córdoba to Armenian Dram
1 NIO = 0.0957841756215939 AMD
Example: convert 15 NIO to AMD:
15 NIO = 15 × 0.0957841756215939 AMD = 1.43676263432391 AMD
Nicaraguan Córdoba to Armenian Dram Conversion Table
| Nicaraguan Córdoba | Armenian Dram |
|---|
Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.