Perhaps by the end of this year, it won't be so impossible to break your 500 córdoba bill, because the Central Bank plans to introduce a new 200 córdoba bill.
“We've realized there's a need for an intermediary denomination,” Central Bank manager José de Jesús Rojas told The Nica Times.
Though there's no date set for the currency to be circulated, Rojas said the bank is in the early stages of planning the bill's introduction, which could happen as soon as the end of the year.
The bill's color and design are yet to be determined.
Rojas said the 200 bill, worth roughly $11, would make ATM withdrawals more efficient, giving consumers a bill larger than 100 but smaller than 500. And it will make for better customer service as it will give clients an alternative to spending a 500 bill on small purchases, according to Rojas. The 500, in effect, will “be left for high-value transactions,” he said.
The bank is in the process of purchasing 131 million notes, which would be introduced over a period of five years. The bank is seeking bidders in North America, South America or Europe to print the bills. |
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