The Nicaraguan córdoba (Spanish pronunciation: [ˈkoɾdoβa], sign: C$; code: NIO) is the currency of Nicaragua. It is divided into 100 centavos.In 1991, notes were introduced for 1, 5, 10 and 25 centavos, ½, 1, 5, 10, 20, 50 and 100 córdobas. The notes below 1 córdoba were replaced by coins in 1994, with 5 córdobas notes also being replaced in 1997. 500 córdobas notes were introduced in 2002.