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10 000 Cordobas overprinted on 10 Cordobas
| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 1989 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | BANCO CENTRAL DE NICARAGUA 10.000 DIEZ MIL CORDOBAS COMANDANTE CARLOS FONSECA AMADOR |
| Reverse description | Vignette of Sandinista Popular Militia (Milicias Populares Sandinistas) troops marching in formation, rendered in black intaglio at left on the underlying note. A large black overprint of '10,000 / DIEZ MIL CORDOBAS' is applied over the centre-right of the design, partially obscuring the original guilloche and lettering of the base note. |
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| Comments |
Nicaragua's inflation in the late 1980s was severe enough to make reprinting impractical — the government simply overprinted existing low-denomination stock rather than commission new designs. This 10,000 Córdobas on 10 Córdobas note is a direct artifact of that emergency, issued as the Sandinista administration struggled with an economy distorted by the U.S. trade embargo and the costs of the Contra war. Annual inflation peaked above 30,000 percent in 1988.
The overprint series was short-lived. The entire Córdoba was replaced by the Gold Córdoba in 1990 at a rate of 1 new unit to 1,000,000 old ones.