Catalog
1 Córdoba
| Issuer | Banco Nacional de Nicaragua |
|---|---|
| Year | 1941-1945 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | BANCO NACIONAL DE NICARAGUA DEPARTAMENTO DE EMISIÓN, MANAGUA SERIE DE 1941 1 VALE POR UN CÓRDOBA ESTE BILLETE HA SIDO EMITIDO DE CONFORMIDAD CON EL DECRETO-LEY DE 20 DE OCTUBRE DE 1940 LA LEY DE 4 DE AGOSTO DE 1941; DEBERÁ SER 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. DE CONFORMIDAD CON EL DECRETO-LEY DE 26 DE OCTUBRE DE 1940 Y LA LEY DE 4 DE AGOSTO DE 1941, Y BAJO LAS CONDICIONES PRESCRITAS EN LOS MISMOS, EL BANCO NACIONAL DE NICARAGUA, DEPARTAMENTO DE EMISIÓN, PAGARÁ A LA VISTA AL PORTADOR, POR ESTE BILLETE UN CÓRDOBA. AMERICAN BANK NOTE COMPANY (Translation: National Bank of Nicaragua, Issuing Department, Managua, Series 1941, 1, Worth One Córdoba. This note has been issued in accordance with the Decree-Law of October 20, 1940, and the Law of August 4, 1941; it must be received in payment of customs and fiscal duties and shall be legal tender and mandatory for the payment of debts within the Republic. In accordance with the Decree-Law of October 26, 1940 and the Law of August 4, 1941, and under the conditions prescribed therein, the National Bank of Nicaragua, Issuing Department, shall pay at sight to the bearer, for this note, One Córdoba. American Bank Note Company) |
| Reverse description | Printed in dark olive-brown intaglio on plain paper. The Nicaraguan Coat of Arms — an equilateral triangle enclosing a volcanic landscape with radiating sunrays, encircled by the legend REPÚBLICA DE NICARAGUA / AMÉRICA CENTRAL — occupies the centre, surrounded by intricate guilloche lacework and four large numeral-1 corner ornaments. Bank title and denomination panels appear at the top and base respectively, with the printer's imprint at the foot. |
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| Comments |
The Banco Nacional de Nicaragua was unusual in that it functioned simultaneously as both the central bank and a commercial development institution — a dual role that persisted until the Banco Central was finally established in 1961. Notes from this wartime window reflect genuine fiscal pressure: Nicaragua's export revenues were disrupted by the Second World War, and the government leaned heavily on the Banco Nacional to manage liquidity through a period when dollar-denominated trade had become erratic.
ABNCo engraver L. Somoza — almost certainly a Nicaraguan national whose name was incorporated into the plate credits — represents the relatively rare practice of Latin American engravers working within ABNCo's New York operation during the 1940s.