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10 Centavos de Córdoba

Issuer Banco Nacional de Nicaragua (National Bank of Nicaragua Incorporated)
Year 1938
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Size 99 × 54 mm
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Reverse description Printed entirely in green. At center, a triangular vignette of the Nicaraguan coat of arms — showing five volcanic peaks rising from the sea beneath a radiant sky, surmounted by a Phrygian cap on a staff — is flanked symmetrically by two large guilloche rosettes each bearing the numeral '10'. The bank name in both English and Spanish is printed across the top, with the denomination 'DIEZ CENTAVOS DE CÓRDOBA' in a panel along the lower border, and the printer's imprint beneath.
Reverse lettering NATIONAL BANK OF NICARAGUA INCORPORATED BANCO NACIONAL DE NICARAGUA 10 CENTAVOS DIEZ CENTAVOS DE CÓRDOBA AMERICAN BANK NOTE COMPANY, NEW YORK
(Translation: National Bank of Nicaragua Incorporated National Bank of Nicaragua 10 Cents Ten Centavos de Córdoba American Bank Note Company, New York)
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The Banco Nacional de Nicaragua was a peculiar institution — nominally Nicaraguan but incorporated under the laws of Connecticut and substantially controlled by American financial interests until the Somoza government fully nationalized it in 1940. This note, printed by ABNC two years before that transfer, belongs to the last phase of that hybrid arrangement.

The 10 centavos denomination circulated heavily among agricultural workers and market vendors; small-denomination paper in Nicaragua absorbed significant daily wear, and survivors in better condition are genuinely harder to locate than the higher values from this series.