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Thread: U$1 = 19 cordobas

  1. #1

    Default U$1 = 19 cordobas

    Tomorrow the US Dollar will officially be worth 19 cordobas, actually 19.0015 cordobas.

  2. #2

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    I can't wait till its 20 cords to the Dollar, then changing money from dollars to cordobas will be so easy. That should happen in about 1.5 years at less Ortega pulls a stunt and hopefully the US doesn't slip to far.

    5 cents = 1 cordoba coin
    25 cents = 5 cordobas coin
    50 cents = 10 cordoba bill
    1 dollar = 20 cordoba bill
    2.50 dollars = 50 cordoba bill
    5 dollars = 100 cordoba bill
    10 dollars = 200 cordoba bill (the new bill apparently coming out)
    25 dollars = 500 cordoba bill
    Last edited by tresfrijoles; 02-07-2008 at 03:30 PM.

  3. #3

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    not that i understand anything about monetary policy, but what amazes me is that even with the dollar's landslide into crapola, somehow the cordoba's planned position relative to the dollar is right on target. I was told one can find out what the exchange will be months in advance. someone tell me how this is possible without knowing the future value of the dollar

  4. #4

  5. #5

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    I believe it is 20 now.

  6. #6

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    Well actually according to Banco Central De Nicaragua it's 19.6664

  7. #7

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    Quote Originally Posted by 3 frijoles View Post
    Tomorrow the US Dollar will officially be worth 19 cordobas, actually 19.0015 cordobas.

    Try 19.6

  8. #8
    Pinolero De Cepa!! FisherCigarman's Avatar
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    Default try

    $19.85 from the Esteli coyotes.


    Quote Originally Posted by B. Maria Patterson View Post
    Try 19.6

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    TRN Surgeon General El Doc's Avatar
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    Unless it's a huge transaction, I just use 20 cords to the dollar. It's too hard to calculate otherwise. I'm always spending dollars there anyways, so I'm sure they appreciate the 5% bonus.

    BTW, this programmed evaluation is crippling the country (as planned). Imagine if the bank told you they would give you -5% interest on your savings account. Would you save?
    "Un Estado que no se rigiera según la justicia se reduciría a una gran banda de ladrones." --San Agustín

  10. #10
    Viejo del Foro El Greco's Avatar
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    Quote Originally Posted by José View Post
    Well actually according to Banco Central De Nicaragua it's 19.6664
    Those 3 sixes are bad vibe!
    Dios es Amor!

  11. #11
    Para aquí para acá Jonh's Avatar
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    The currency converter on our portal page says a dollar is 20.05 cords.

  12. #12
    Active TRN Member renco's Avatar
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    The coyotes in front of the Centro BAC in Managua are buying dollars at 19.88 today.

  13. #13

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    Quote Originally Posted by B. Maria Patterson View Post
    Try 19.6

    The original post was done on February 7, 2008 I was just pointing it out when it hit 19 cordobas for the first time. A bit of a dated post.

  14. #14

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    I will tell everyone though, if you want the BEST exchange rate in the entire country, visit a Casino in Managua, they will give you the BEST exchange rate, because most of the people coming in are going to gamble it away anyway, of course after walking up to the cashier getting your exchange, put 1 cordoba in a slot machine, grab a free mixed drink and then walk out the door!

  15. #15
    Pinolero De Cepa!! FisherCigarman's Avatar
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    Default for me,

    The family, is a coyote in Esteli,who is a school friend of ours,not only he will give us the best rates,upwards of $.10 cents more that the rest of the coyotes,he will take bad bills as well.
    He flat out has told me,that we us,he does NOT make a profit on the exchange,and he changes about $8K every 2 weeks for us(payroll purposes), furthermore he drives to our factory, avoiding us from driving to the bank with that kind of money,knowing first hand that at least 3 companies have had their payroll robbed at gun point.

    Quote Originally Posted by 3 frijoles View Post
    I will tell everyone though, if you want the BEST exchange rate in the entire country, visit a Casino in Managua, they will give you the BEST exchange rate, because most of the people coming in are going to gamble it away anyway, of course after walking up to the cashier getting your exchange, put 1 cordoba in a slot machine, grab a free mixed drink and then walk out the door!

  16. #16
    Para aquí para acá Jonh's Avatar
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    I don't know if "coyote" is in the Nica slang thread, but it's a guy who walks around the streets exchanging money. They may look grungy, but they're usually trustworthy people who carry a pocket calculator and show you the math.

  17. #17

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    Quote Originally Posted by 3 frijoles View Post
    The original post was done on February 7, 2008 I was just pointing it out when it hit 19 cordobas for the first time. A bit of a dated post.
    oh, sorry, i thought it was posted yesterday.
    -maria

  18. #18
    Active TRN Member renco's Avatar
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    Quote Originally Posted by 3 frijoles View Post
    I will tell everyone though, if you want the BEST exchange rate in the entire country, visit a Casino in Managua, they will give you the BEST exchange rate, because most of the people coming in are going to gamble it away anyway, of course after walking up to the cashier getting your exchange, put 1 cordoba in a slot machine, grab a free mixed drink and then walk out the door!
    Have the drink FIRST then sit down and put some money in the machine. Then we will see how fast you leave.

  19. #19

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    Quote Originally Posted by renco View Post
    Have the drink FIRST then sit down and put some money in the machine. Then we will see how fast you leave.
    ha! :LMAO:

  20. #20
    TRN Surgeon General El Doc's Avatar
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    Quote Originally Posted by renco View Post
    Have the drink FIRST then sit down and put some money in the machine. Then we will see how fast you leave.
    The greatest marketing tool ever!
    "Un Estado que no se rigiera según la justicia se reduciría a una gran banda de ladrones." --San Agustín

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