Nicaragua noticed a 17.4 % enhance in money circulation within the first quarter of this yr, together with development in digital banking operations, in keeping with information from the Central Bank (BCN). The whole amount of money in circulation was reported at 52,268.4 million córdobas, with the bulk consisting of banknotes in common circulation. Additionally, there was a rise within the variety of fee playing cards in use, though digital cash accounts noticed a lower.
In phrases of digital fee strategies, there have been 57.7 million operations totaling 1.2 billion córdobas within the first three months of the yr. This consists of examine funds, card funds, fund transfers, and digital cash. Debit playing cards have been essentially the most utilized fee instrument, accounting for 28.9 million transactions. The use of checks additionally noticed a rise in worth traded, regardless of a lower in quantity.
Furthermore, there have been 258 international forex trade transactions totaling 20,793.3 million córdobas on the BCN Exchange Desk. The common quantity traded every day was 330.1 million córdobas. Additionally, the variety of operations carried out with credit score and debit playing cards elevated in comparison with the earlier yr.
Of the full playing cards in circulation, the bulk have been debit playing cards, adopted by credit score and pay as you go playing cards. The report additionally highlighted the safety measures included in bodily playing cards, with a majority having magnetic stripe, microchip, and contactless know-how. Overall, the usage of playing cards for transactions confirmed development in each quantity and worth in comparison with the earlier yr.