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10 000 Córdobas Italy '90

Issuer Banco Central de Nicaragua
Year 1990
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Value 10 000 Córdobas (10 000 NIC)
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Obverse description The Nicaraguan national coat of arms occupies the central field, depicted as an equilateral triangle enclosing five volcanoes rising from the sea with a radiant sun above, all enclosed within a circular border. The legend REPUBLICA DE NICARAGUA arcs along the upper periphery, while AMERICA CENTRAL runs along the lower periphery, each flanked by a small five-pointed star. The date 1990 appears in the lower field, below the central device. The deeply mirrored proof fields provide strong contrast against the finely frosted devices.
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Reverse description Two association football players in relief dominate the central field, depicted in dynamic motion contesting a ball positioned at the lower centre of the design. A horizontal band across the mid-field bears the dual inscription ITALIA ITALIA 90, referencing the 1990 FIFA World Cup held in Italy. The denomination 10000 CORDOBAS appears in two lines to the right field. The legend NICARAGUA is inscribed along the lower periphery. The composition is rendered in high relief against deeply mirrored proof fields, characteristic of the coin's presentation quality.
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Additional information

Nicaragua's economy was in freefall by 1990 — cumulative inflation over the preceding decade had exceeded 30,000 percent, rendering the córdoba effectively worthless in daily commerce. A coin denominated at 10,000 units was not an absurdity for collectors; it was an honest reflection of what the currency had become under the Sandinista government's monetary policies.

The FIFA World Cup series was a reliable hard-currency earner for cash-starved governments throughout the developing world, and Nicaragua was no exception. These were struck for export sale, not domestic circulation.

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