Nicaraguan peso Nicaraguan peso The peso was the currency of Nicaragua between 1878 and 1912. It was Nicaragua's first national currency, replacing the Central American Republic real and that of neighbouring states. It was subdivided into 100 "centavos" and when it was introduced, it was worth 8 reales, and had the same weight and mass as the peso fuerte, but due to recurrent devaluations, it was replaced by the "córdoba" at a rate of 12½ pesos = 1 peso fuerte = 1 córdoba. In 1878, cupro-nickel 1 centavo coins were introduced, followed, in 1880, by silver 5, 10 and 20 centavos. In
Global silver trade from the 16th to 18th centuries to coins in the early period of the Ming Dynasty. The Ming paper currency eventually failed due to self-imposed inflation along with an inability to stop the production of counterfeit bills. The Ming attempted to produce copper coins as a new form of currency, but production was inconsistent. Hence silver became of high value because it was a valid currency that could be processed abroad. The bimetallic ratio of silver to gold was about two to one, which meant that European and Japanese merchants made a large amount of profit. In the 1640s, the bimetallic ratios in China converged with