The peso was the currency of Nicaragua

Nicaragua

Nicaragua is the largest country in the Central American American isthmus, bordered by Honduras to the north and Costa Rica to the south. The country is situated between 11 and 14 degrees north of the Equator in the Northern Hemisphere, which places it entirely within the tropics. The Pacific Ocean...

 between 1878 and 1912. It was Nicaragua's first national currency, replacing the Central American Republic real

Central American Republic real

The real was the currency of the Federal Republic of Central America from 1824. Sixteen silver reales equaled one gold escudo. The Central American Republic's real replaced the Spanish colonial real at par and continued to circulate and be issued after the constituent states left the Central...

 and that of neighbouring states. It was subdivided into 100 centavos and was worth 8 reales. After suffering high inflation, the peso was replaced by the córdoba

Nicaraguan córdoba

- History :The first córdoba was introduced on March 20, 1912. It replaced the peso at a rate of 12½ pesos = 1 córdoba & was initially equal to the US dollar. It was named after the founder of Nicaragua, Francisco Hernández de Córdoba....

at a rate of 12½ pesos = 1 córdoba.

Coins

In 1878, cupro-nickel 1 centavo coins were introduced, followed, in 1880, by silver 5, 10 and 20 centavos. In 1898 and 1899, cupro-nickel 5 centavos coins were issued. These were the last coins of this currency to be minted.

Banknotes

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.