The Central Bank of Nicaragua (Spanish: Banco Central de Nicaragua) is the central bank of Nicaragua. The bank was established in 1960 and commenced operations on 1 January 1961 as a institution with functional autonomy, indefinite duration, own capital and legal personality.
According to provision 19 of the article 148 of the Constitution of 1950 the Central Bank of Nicaragua was created by Legislative Decree No. 525 of September 16, 1960.
The current Political Constitution of Nicaragua in its article 99 states: "The Central Bank is the state entity in charge of the regulation of the monetary system". Nowadays, the BCN is governed by Law No. 732 "Organic Law of the Central Bank of Nicaragua", published in La Gaceta, Diario Oficial No. 148 and 149, dated August 5 and 6, 2010 respectively. This Law defines the BCN: "..as a state decentralized entity of technical nature, indefinite duration, legal personality, own capital and full legal capacity". Its domicile is the city of Managua and it may establish branches and agencies in other places within the country.
To keep stability of the national currency
and the normal operation of internal and external payments.
To be an institution that builds trust in the domestic currency, keeping a low and stable inflation, contributing effectively to the development model of our country.
The main objective of the Central Bank of Nicaragua is the stability of the domestic currency and the normal development of internal and external payments.
- Currency of Nicaragua:
- Nicaraguan cordoba
- List of Central Banks:
- Central Banks
- Official website of Central Bank of Nicaragua:
- Ministry of Finance and Public Credit of Nicaragua: