See full images - free registration
Continue with Google - no registration! or register with email

Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!

1 000 000 Cordobas overprinted on 1000 Cordobas

Issuer Banco Central de Nicaragua
Year 1990
Type Log in to see details
Value Log in to see details
Currency Second Córdoba (1988-1990)
Composition Log in to see details
Size Log in to see details
Shape Log in to see details
Printer Log in to see details
Designer(s) Log in to see details
Engraver(s) Log in to see details
In circulation to Log in to see details
Reference(s) Log in to see details
Obverse description Portrait of General Augusto César Sandino at right, set against an elaborate guilloche underprint with a large sunburst vignette at center-left. A bold black overprint reading '1.000,000 UN MILLON DE CORDOBAS' with the date 1990 is applied over the original 1000 Córdobas note. Series designation 'AA' appears at upper right, with the legend 'BANCO CENTRAL DE NICARAGUA' across the top.
Obverse lettering BANCO CENTRAL DE NICARAGUA
SERIE AA
PRIMER VICEPRESIDENTE
GENERAL A.C.SANDINO
1.000,000 UN MILLON DE CORDOBAS
Reverse description Log in to see details
Reverse lettering Log in to see details
Signature(s) Log in to see details
Protection type Log in to see details
Protection description Log in to see details
Variants Log in to see details
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.

YOU MAY ALSO LIKE