1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 4.4887 NIO (Nicaraguan Cordoba Oro). It is the official currency of Nicaragua, which is a central american country located between the Pacific Ocean and the Caribbean Sea. The currency was named after the Francisco Hernandez de Cordoba, the founder of Nicaragua. The currency NIO (Nicaraguan Cordoba Oro) was introduced in 1912. 1 Cordoba is sub-divided into100 Centavos. The issue of the currency is controlled by the central bank, Central Bank of Nicaragua. The currency NIO (Nicaraguan Cordoba Oro) is pegged to none.