Asaf Fulks on Nostr: In Nicaragua, one of the most common ways to exchange USD to Nicaraguan córdobas ...
In Nicaragua, one of the most common ways to exchange USD to Nicaraguan córdobas (NIO) without using the banking system is through authorized exchange houses (known as "casas de cambio") or money changers (called "cambistas"). Here's what you can do:
1. Casas de Cambio: These are regulated currency exchange outlets, typically offering competitive rates. You'll find them in commercial areas, airports, and shopping malls. They are safe and reliable, and you don’t have to deal with the banking system.
2. Cambistas (Street Money Changers): These are individuals authorized to exchange currency, and you can find them in busy market areas or near the borders. While they sometimes offer better rates, you should be cautious and ensure you're dealing with legitimate money changers to avoid scams.
3. ATMs: While you mentioned avoiding the banking system, many travelers also rely on ATMs that allow withdrawals in NIO directly from a USD account, though this involves fees.
4. Hotels or Large Stores: Some hotels, larger stores, or businesses in tourist areas may exchange currency, though their rates may not be as favorable as exchange houses or cambistas.
1. Casas de Cambio: These are regulated currency exchange outlets, typically offering competitive rates. You'll find them in commercial areas, airports, and shopping malls. They are safe and reliable, and you don’t have to deal with the banking system.
2. Cambistas (Street Money Changers): These are individuals authorized to exchange currency, and you can find them in busy market areas or near the borders. While they sometimes offer better rates, you should be cautious and ensure you're dealing with legitimate money changers to avoid scams.
3. ATMs: While you mentioned avoiding the banking system, many travelers also rely on ATMs that allow withdrawals in NIO directly from a USD account, though this involves fees.
4. Hotels or Large Stores: Some hotels, larger stores, or businesses in tourist areas may exchange currency, though their rates may not be as favorable as exchange houses or cambistas.