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1 000 000 Cordobas overprinted on 1000 Cordobas

Issuer Banco Central de Nicaragua
Year 1990
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Size 156 x 67 mm
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Obverse lettering BANCO CENTRAL DE NICARAGUA
SERIE AA
PRIMER VICEPRESIDENTE
GENERAL A.C.SANDINO
1.000,000 UN MILLON DE CORDOBAS
Reverse description A large intaglio vignette occupies the central field, portraying the triumphant scene of the Sandinista Liberation on 19 July 1979, with crowds of figures before a grand neoclassical building. A bold black overprint of '1.000,000 UN MILLON DE CORDOBAS' is applied over the original design. The date and commemorative inscription appear at the upper portion of the vignette, flanked by guilloche border panels.
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Comments

Nicaragua's inflation crisis of the late 1980s was severe enough that the Banco Central resorted to overprinting existing 1000 Córdoba notes with a new face value one thousand times higher. The overprint was not a stopgap — it was official monetary policy, reflecting cumulative inflation that had rendered the underlying denomination effectively worthless before the ink was dry on the original print run.

The 1990 series coincided with the final months of the Sandinista government and the monetary reforms that followed the Chamorro election victory. A new córdoba oro replaced the inflated currency shortly after, making these overprinted notes short-lived in circulation.

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