The Central Bank of Nicaragua published its 2025 Management Report, summarising actions across monetary and exchange-rate policy, financial system liquidity, payments, macroeconomic statistics and institutional initiatives. The report highlights that the bank maintained the córdoba’s exchange-rate crawl against the US dollar at 0% per year and focused on facilitating liquidity management and increasing the use of the córdoba in its monetary operations. It notes double-digit year-on-year growth in currency in circulation and monetary aggregates, alongside increased “cordobisation” of deposits and credit and higher córdoba-denominated payment transactions, linked to end-2024 measures on price expression and payment settlement in national currency. Gross international reserves reached USD 8,324.8 million as of 31 December 2025. In payment systems, the bank advanced work towards full implementation of the International Bank Account Number standard across banks and increased again in October 2025 the maximum value of cheques eligible for truncation to reduce physical exchange and shorten payment times; it also reports 2025 updates to the regulatory framework following the 2024 Law on Administration of the Monetary and Financial System. Looking ahead, the report references the October announcement that the 0% exchange-rate crawl would be maintained in 2026 and states that a public web-based tool for monitoring key macroeconomic indicators is planned to be available in 2026 as part of the national accounts base-year change project (2019).
Central Bank of Nicaragua 2026-03-31
Central Bank of Nicaragua publishes 2025 management report confirming 0% exchange-rate crawl and gross reserves of USD 8,324.8 million
The Central Bank of Nicaragua’s 2025 Management Report highlights maintenance of the córdoba’s 0% annual exchange-rate crawl against the US dollar, strong growth in monetary aggregates, increased “cordobisation” of deposits, credit and payments, and gross international reserves of USD 8,324.8 million at end-2025. It notes further implementation of the International Bank Account Number standard, higher cheque truncation limits, regulatory updates following the 2024 Law on Administration of the Monetary and Financial System, confirmation that the 0% exchange-rate crawl will be maintained in 2026, and a planned public web-based tool for monitoring macroeconomic indicators.