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1/2 Córdoba
| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 1991 |
| Type | Standard circulation banknote |
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| Obverse description | Brown and green on multicolour underprint. A portrait vignette of Francisco Hernández de Córdoba is positioned at left, with a plant motif occupying the right field. The serial number prefix A appears on this issue. |
|---|---|
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| Reverse description | Printed in green on an uncoloured ground, the reverse is centred on the Nicaraguan national arms — a triangle enclosing five volcanoes, a rising sun, and a liberty cap atop a staff, set within a pointed elliptical frame. The denomination inscription appears in a banner at foot, with the national motto attributed to Salomón Ibarra Mayorga above it, and the denomination numeral '1/2' repeated in scroll cartouches at all four corners. |
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| Comments |
Nicaragua's monetary history in the late 1980s and early 1990s was defined by hyperinflation of almost incomprehensible scale — the córdoba lost so much value that the government introduced the gold córdoba (córdoba oro) in 1990 at a conversion rate of one million old córdobas to one new. This note, issued the following year, belongs to that replacement series, which means its entire purpose was to reestablish confidence in a unit that had been rendered worthless within a single decade.
The Canadian Bank Note Company's involvement brought a level of security printing sophistication that Nicaraguan domestic production could not have matched at the time.