Convert Saudi Riyal to Nicaraguan Córdoba
Please provide values below to convert Saudi Riyal [SAR] to Nicaraguan Córdoba [NIO], or Convert Nicaraguan Córdoba to Saudi Riyal.
How to Convert Saudi Riyal to Nicaraguan Córdoba
1 SAR = 0.10194040156363 NIO
Example: convert 15 SAR to NIO:
15 SAR = 15 × 0.10194040156363 NIO = 1.52910602345445 NIO
Saudi Riyal to Nicaraguan Córdoba Conversion Table
| Saudi Riyal | Nicaraguan Córdoba |
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Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
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.