Glossary: new córdoba (C$n)
DEFINITION:
Nicaraguan monetary unit from 1988 to 1991. Replaced the former currency, the córdoba (q.v.), in an attempt to control inflation; the value of the new córdoba dropped to US$1 = C$n3.2 million in less than three years. Replaced by the gold córdoba (q.v.) in 1990 at a rate of 5 million new córdobas to 1 gold córdoba.