Dollar closing price USD to NIO in Nicaragua on March 15

In the

last session, the US dollar traded at the closing price of 35.50 Nicaraguan cordova, which showed a decrease of 39.51 percent compared to the previous day's figure when it stayed in Nicaraguan cordova by 10.15%.

Taking into account the data for the last 7 days, the US dollar has decreased by 0.42%. Over the course of the year, it still rose 2.36%. In connection with the change of this day compared to the previous day, he linked two consecutive dates with a negative number.The volatility over the past few days presented a balance that was clearly higher than the volatility shown in last year's figures, making it an asset with a greater change than the general trend indicates.

annual photo, the US dollar hit a 39.53 Nicaraguan Cordoba high, with the lowest level being 34.75 Nicaraguan cordova. The US dollar is located closer to the minimum than the maximum.

Nicaraguan

Cordoba Cordoba is a monetary unit that is legally used in Nicaragua and is abbreviated as NIO; it is divided into 100 cents, and its circulation is controlled by the central bank of the country.

The coin takes its name in honor of the second surname of Captain Francisco Hernandez de Córdoba, the Spanish conqueror who founded the cities of Granada and Leon.

Córdoba was created on August 25, 1908 by order of the then President Adolfo Diaz, who issued 10 Cordova coins and replaced pesos. At that time, the value of the new currency was 5 Cordova per pound sterling.

On November 13, 1931, Córdoba began trading at a parity rate of 1.10 Cordova per US dollar, but after several devaluation, it rose to 7 Córdoba per US dollar between 1946 and April 1979.

It was not until 1991 that the administration launched a successful monetary stabilization plan that suppressed excessive devaluation and achieved stability in prices, exchange rates and currency levels. As of January 1993, the country switched to a mini-valuation system, which is 3% per year since 2019.

economic terms, Nicaragua recorded a significant drop: Gross domestic product in 2018 and 2019 decreased by -3% and -2% in 2020, although it increased slightly in 2021, but the economy of Nicaragua is higher than Venezuela.

In addition, under the current government of Daniel Ortega, the World Bank estimated that poverty increased from 13.5% in 2019 to 14.6% in 2021. In addition to the pandemic, the country has become prey to hurricanes Eta and Lota, which caused great turmoil.

In addition to this scenario, sanctions against the countries of the United States and the European Union led to alliances with Venezuela, Cuba and China, which intensified after the last election in which Ortega won the re-election was classified as a fraud.

According to the forecasts of the Economic Commission for Latin America and the Caribbean (ECLAC), Nicaragua and Guatemala or the Dominican Republic will not recover economic levels in 2022, as before the COVID-19 pandemic.

Recommended:a href="https://www.infobae.com/tag/noticias/"

Agencies