The national currency is the Córdoba 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 Córdoba 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. The rates change every day. To get the official rate please visit Official exchange rate.
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 Córdoba.
NO other currency is used in Nicaragua besides Córdoba and/or US Dollars.
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.
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.
YES!!! Although it 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, but we recommend you have some cash in case your bank blocks your card for a few days.
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.