The Central Bank of Nicaragua announced that the Monetary and Financial Board has amended the rules for Simplified Savings Accounts (CAS), increasing the maximum amounts allowed to open these accounts as part of its financial inclusion framework. CAS were introduced in December 2017 to support savings by low-income individuals with minimal customer information requirements. Under the reform approved by resolution dated 05 March 2025, the maximum opening amount increases from USD 1,000 (or its equivalent in córdobas) to USD 1,500 for USD-denominated CAS, while córdoba-denominated CAS can now be opened up to NIO 100,000.
Central Bank of Nicaragua 2025-03-13
Central Bank of Nicaragua raises simplified savings account opening limits to USD 1,500 and NIO 100,000
The Central Bank of Nicaragua has amended the rules for Simplified Savings Accounts (CAS), raising the maximum opening amounts to enhance financial inclusion. Effective from 05 March 2025, USD-denominated CAS can now be opened with up to USD 1,500, and córdoba-denominated CAS with up to NIO 100,000.