MONEY & CURRENCY

  • What is the Nicaraguan Currency?

The national currency is the Cordoba but US Dollars are widely accepted throughout the country and every business in Hacienda Iguana will take them.

You will most likely get your change in Cordobas if you pay in dollars. The exchange rate is different from place to place but most should be around the official exchange rate by the Nicaraguan Central Bank. Do note, that the rates change every day. To get the official rate please visit 

https://www.bcn.gob.ni/estadisticas/mercados_cambiarios/tipo_cambio/cordoba_dolar/index.php

The Córdoba is sometimes also referred to as the Peso. It is suggested that visitors to Nicaragua bring small denominations of US currency so that they can make purchases and avoid getting too much change in Córdobas.

NO other currency is used in Nicaragua besides Cordobas and/or US Dollars. 

  • Can visitors use US dollars in Nicaragua?

Yes

  • What is the customary tipping in Nicaragua?

For airport/hotel baggage handlers, US $1.00 per bag is acceptable. For restaurants and other services, 10-15% of the value of service is customary but not obligatory.

  • Can I use my credit cards?

Most major credit cards are accepted in hotels, restaurants, and stores in both urban and tourist areas. If you plan on using your credit card frequently it is very important that prior to leaving on your trip you tell your bank that you will be in Nicaragua. For your protection most banks automatically block transactions in foreign countries, so be sure that you advise your bank that you will be making charges while in Nicaragua.

Mastercard and Visa are the most widely accepted. American Express is accepted at most hotels and some restaurants but not by local or small vendors. Discover Card is not widely accepted in Nicaragua.

  • Should I bring cash with me?

YES!!! Although is a personal preference how much you want to have. It really depends on how much you think you’ll be spending. You can always get cash from an ATM machine but we recommend you have some in case your bank blocks your card for a few days. You do not want to be stuck in a foreign country with no cash.

  • Can I use any ATM in Nicaragua?

As long as you let your bank know you’ll be here, there’s usually no problem when using the ATM if it doesn’t work you can always go to a bank and get money from the teller. Sometimes Chip cards are hard to get recognized by the local ATMs.