Catalog
1 Córdoba
| Issuer | Banco Nacional de Nicaragua |
|---|---|
| Year | 1935-1938 |
| Type | Standard circulation banknote |
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| Obverse lettering | NATIONAL BANK OF NICARAGUA INCORPORATED BANCO NACIONAL DE NICARAGUA 1 SERIE DE 1935 ESTE BILLETE HA SIDO EMITIDO DE CONFORMIDAD COM LA LEY DE 20 DE MARZO DE 1912 Y SUS ENMIENDAS. SERA RECIBIDO EN PAGO DE LOS DERECHOS ADUANEROS Y FISCALES Y SERÁ DE CURSO LEGAL Y OBLIGATORIO PARA EL PAGO DE DEUDAS DENTRO DE LA REPUBLICA. VALE POR UNO CÓRDOBA DE CONFORMIDAD CON LA LEY DE 20 DE MARZO DE 1912 Y SUS ENMIENDAS Y BAJO LAS CONDICIONES QUE ESAS LEYES PRESCRIBEN EL `NATIONAL BANK OF NICARAGUA INCORPORATED`. PAGARÁ A LA VISTA AL PORTADOR DE ESTE BILLETE UN CÓRDOBA. HAMILTON BANK NOTE - NEW YORK (Translation: National Bank of Nicaragua Incorporated National Bank of Nicaragua 1 Series 1935 This note has been issued in accordance with the Law of March 20, 1912 and its amendments. It will be received in payment of customs and fiscal duties and will be legal tender and mandatory for the payment of debts within the Republic. Worth One Cordoba in accordance with the Law of March 20, 1912 and its amendments and under the conditions that these laws prescribe the National Bank of Nicaragua Incorporated. Will pay on sight to the bearer of this note One Cordoba. Hamilton Bank Note - New York) |
| Reverse description | Printed in green. The Nicaraguan Coat of Arms — an equilateral triangle enclosing five volcanoes rising from the sea beneath a rainbow and liberty cap — occupies the center, surrounded by the circular legend REPÚBLICA DE NICARAGUA • AMERICA CENTRAL. Symmetrical guilloche rosettes bearing the numeral 1 and the word CÓRDOBA flank the arms at left and right, with BANCO NACIONAL DE NICARAGUA in a bold panel across the top and UN CÓRDOBA at the foot, above the printer's imprint. |
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| Comments |
The Banco Nacional de Nicaragua was established in 1912 under considerable American financial influence — the U.S. had effectively controlled Nicaraguan customs revenues since 1911, and the bank itself was majority-owned by American banking interests until the Nicaraguan government finally bought out the foreign shareholders in 1924. By 1935, the institution was fully nationalized, making this note a product of that hard-won fiscal independence, even if the printing contract still went to New York.
Hamilton Bank Note Company was a mid-tier American security printer that handled Central American and Caribbean contracts during the interwar years when the larger houses — ABNCo, ABNC — were oversubscribed. Their intaglio work on this series is competent but not distinguished.