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10 Centavos

Issuer Banco Central de Nicaragua
Year 1991
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Currency Third Córdoba `Oro` (1991-date)
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Obverse lettering Banco Central de Nicaragua
Diez Centavos de Cordoba
Francisco Hernández de Córdoba
Presidente del Banco Central de Nicaragua
Primer Vice-Presidente del Banco Central de Nicaragua
Ministro de Finanzas
(Translation: Central Bank of Nicaragua / Ten Centavos of Córdoba / Francisco Hernández de Córdoba / President of the Central Bank of Nicaragua / First Vice-President of the Central Bank of Nicaragua / Minister of Finance)
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Reverse lettering Banco Central de Nicaragua
Diez Centavos
República de Nicaragua
América Central
Harrison & Sons Limited
(Translation: Central Bank of Nicaragua / Ten Centavos / Republic of Nicaragua / Central America / Harrison & Sons Limited)
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Comments

Nicaragua's 1991 monetary reform slashed six zeros from the córdoba, replacing the hyperinflation-era currency with the córdoba oro at a rate of one million to one. This 10 centavos note was part of that redenomination series — a physical artifact of one of Central America's most severe monetary collapses, driven by Sandinista deficit spending and the costs of the Contra war throughout the 1980s.

Harrison & Sons had printed Nicaraguan currency through multiple political upheavals, giving the series a consistency of production quality that the issuing government itself conspicuously lacked.

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