Nicaraguan peso

Tesoreria General overprinting of an Agricola Mercantile banknote, 1 Peso (1896).

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 12+1⁄2 pesos = 1 peso fuerte = 1 córdoba.