Convert Nicaraguan Córdoba to Saudi Riyal
Please provide values below to convert Nicaraguan Córdoba [NIO] to Saudi Riyal [SAR], or Convert Saudi Riyal to Nicaraguan Córdoba.
How to Convert Nicaraguan Córdoba to Saudi Riyal
1 NIO = 9.80965333333333 SAR
Example: convert 15 NIO to SAR:
15 NIO = 15 × 9.80965333333333 SAR = 147.1448 SAR
Nicaraguan Córdoba to Saudi Riyal Conversion Table
| Nicaraguan Córdoba | Saudi Riyal |
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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.
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.