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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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Obverse description Black on green underprint. At left, an oval intaglio vignette of a classical Liberty figure facing left, wearing a radiant star-adorned helmet, set within an ornate lathe-work border. To the right, a large guilloche numeral '10' vignette flanked by corner denominational numerals, with the series date 'SERIE DE 1938' at right; two signature lines for El Presidente de la República and El Ministro de Hacienda appear above the central denomination tablet 'DIEZ CENTAVOS DE CÓRDOBA', with a third signature line for Gerente General at lower right. Printer's imprint 'American Bank Note Co. New York' appears along the lower border.
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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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Comments

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.