HOW DOES MONEY WORK ON THE ISLAND?
The national unit of currency is the Cordova, seventeen of which equals a dollar. U.S. dollars are accepted EVERYWHERE in Nicaragua, especially in the islands. Many people make this trip without ever exchanging money. ATM machines are virtually non-existent in Nicaragua. Our hotel is one of the few places in the islands where credit cards are excepted (we do charge a 4% internet fee ), and probably the ONLY place in the entire country that will take a personal (pre-approved) check. It can be difficult to find businesses that accept traveler’s checks. A wad of US fives and tens can be handy. It should be noted that U.S. dollars in GOOD CONDITION are accepted on the island. We have bills rejected because they are worn or have marks or tiny tears on them.
