Convert Moroccan Dirham to Nicaraguan Córdoba
Please provide values below to convert Moroccan Dirham [MAD] to Nicaraguan Córdoba [NIO], or Convert Nicaraguan Córdoba to Moroccan Dirham.
How to Convert Moroccan Dirham to Nicaraguan Córdoba
1 MAD = 0.244882591841506 NIO
Example: convert 15 MAD to NIO:
15 MAD = 15 × 0.244882591841506 NIO = 3.67323887762259 NIO
Moroccan Dirham to Nicaraguan Córdoba Conversion Table
| Moroccan Dirham | Nicaraguan Córdoba |
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
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.