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10 Córdobas

Issuer Banco Nacional de Nicaragua
Year 1953-1960
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Reference(s) P#101
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Reverse description Printed in red on plain paper. The central vignette reproduces a bas-relief scene of the 1821 Central American Declaration of Independence, with colonial-era figures arranged in a formal compositional grouping. Denomination numerals "10" occupy each corner within guilloche panels, with the issuer name and value inscribed in bold lettering below the central scene.
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Variants P#101a - 1953, 1954, 1957 & 1958
P#101b - 1959 & 1960
Comments

Nicaragua's Banco Nacional functioned simultaneously as both the central bank and a commercial lending institution through most of this period — an arrangement that drew repeated criticism from the IMF and contributed to monetary instability during the Somoza years. The De La Rue contract for this series was part of a broader Central American printing relationship the firm maintained through the 1950s, supplying notes to several republics whose own facilities couldn't handle intaglio work.

Pick 101 ran across seven years with relatively minor plate changes, which complicates precise dating of individual examples to a narrow window.

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