Madorian corona
Jump to navigation
Jump to search
| corona madoriana | |
|---|---|
| ISO 4217 | |
| Unit | |
| Unit | corona |
| Symbol | ₡, M₡ |
| Denominations | |
| Subunit | |
| 1⁄100 | cobre |
| Banknotes | ₡100, ₡500, ₡1000 |
| Rarely used | ₡5000 |
| Coins | ₡1, ₡5, ₡10, ₡15, ₡25, ₡50 |
| Demographics | |
| Date of introduction | November 1, 1972 |
| User(s) |  Costa Madora |
| Issuance | |
| Central bank | Banco Central de Reserva del Madora |
| Printer | Casa de Moneda |
| Mint | Casa de Moneda |
| Valuation | |
| Inflation | 2.6% (July 2022) |
| Source | Oficina Nacional de Estadísticas y Censos |
The Madorian corona (symbol: ₡; code: MCR; also abbreviated M₡ to distinguish it from other corona-denominated currencies), is the official currency of Costa Madora. It is subdivided into 100 cobres. After successive monetary exchanges, Costa Madora adopted the corona on November 1, 1972, which, combined with the drastic drop in inflation rates, constituted a stable currency for the country. It was implemented by President Javier Elías Aguados and the then Minister of Finance, Miguel Henrique Asalvez, later elected President.
It is the third-most traded currency in Cunova, after the Aurinian dollar (AUR$) and the keuris.