Nicaraguan peso 1898 and 1899, cupro-nickel 5 centavos coins were issued. These were the last coins of this currency to be minted. From 1881, the National Treasury issued notes in denominations of 1, 5, 25, 50 and 100 pesos. 10, 20 and 50 centavos notes were added in 1885, followed by 10 pesos notes in 1894. 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,
Currency money or book money, which are fiat money. Currency money Currency money is money in full circulation that takes its value from the precious metal it contains, that is, its market value is (almost) the value of the metal it contains (apart from the Seigniorage or the minters' profit), though this is always overcompensated for in coins and banknotes from a country undergoing debasement. Currency money is usually made of silver or gold, but in very rare cases plated metal and even copper may be used. Currency money is commodity money, as opposed to coins whose metal value is less than